Kelly Services, Inc. (NASDAQ:KELYA) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 923.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,469 shares of the business services provider's stock after buying an additional 86,139 shares during the period. GAMMA Investing LLC owned 0.27% of Kelly Services worth $1,257,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KELYA. Renaissance Technologies LLC acquired a new position in shares of Kelly Services during the fourth quarter valued at about $5,343,000. Proficio Capital Partners LLC purchased a new stake in Kelly Services during the 4th quarter worth approximately $201,000. Cetera Investment Advisers purchased a new stake in Kelly Services during the 4th quarter worth approximately $158,000. Bank of America Corp DE increased its stake in Kelly Services by 123.7% during the 4th quarter. Bank of America Corp DE now owns 146,462 shares of the business services provider's stock valued at $2,042,000 after purchasing an additional 80,995 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Kelly Services in the fourth quarter worth $508,000. Institutional investors own 76.34% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on KELYA. Barrington Research reissued an "outperform" rating and set a $25.00 price target on shares of Kelly Services in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Kelly Services from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

Kelly Services Stock Performance

KELYA traded down $0.31 on Tuesday, reaching $11.62. The stock had a trading volume of 223,104 shares, compared to its average volume of 347,878. The business's 50-day moving average price is $11.77 and its two-hundred day moving average price is $12.95. The company has a market cap of $405.42 million, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. Kelly Services, Inc. has a 12-month low of $10.80 and a 12-month high of $23.81. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). Kelly Services had a positive return on equity of 6.13% and a negative net margin of 0.46%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Sell-side analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a yield of 2.58%. Kelly Services's dividend payout ratio is currently -50.00%.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.