Lazard Asset Management LLC Buys 64,298 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Lazard Asset Management LLC raised its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 165.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,135 shares of the business services provider's stock after acquiring an additional 64,298 shares during the period. Lazard Asset Management LLC owned about 0.29% of Kelly Services worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KELYA. Boston Partners raised its holdings in shares of Kelly Services by 49.0% during the fourth quarter. Boston Partners now owns 1,889,389 shares of the business services provider's stock worth $26,450,000 after acquiring an additional 621,078 shares during the period. American Century Companies Inc. increased its holdings in Kelly Services by 10.7% during the 4th quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider's stock worth $12,506,000 after purchasing an additional 86,560 shares in the last quarter. Geode Capital Management LLC increased its holdings in Kelly Services by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider's stock worth $11,031,000 after purchasing an additional 9,464 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Kelly Services by 2,489.0% in the 4th quarter. Jane Street Group LLC now owns 603,057 shares of the business services provider's stock valued at $8,407,000 after purchasing an additional 579,764 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Kelly Services by 2.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 500,719 shares of the business services provider's stock valued at $6,980,000 after purchasing an additional 9,984 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KELYA shares. Wall Street Zen cut shares of Kelly Services from a "buy" rating to a "hold" rating in a report on Tuesday. Barrington Research restated an "outperform" rating and set a $25.00 price objective on shares of Kelly Services in a research note on Tuesday.

Kelly Services Stock Performance

NASDAQ KELYA traded down $0.18 on Friday, hitting $11.67. 219,649 shares of the stock were exchanged, compared to its average volume of 343,800. The company has a market capitalization of $407.14 million, a PE ratio of -194.47, a P/E/G ratio of 0.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The business's fifty day moving average is $12.11 and its 200 day moving average is $13.32. Kelly Services, Inc. has a 52 week low of $10.80 and a 52 week high of $23.81.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its 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). The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. Research analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.30 annualized dividend and a yield of 2.57%. Kelly Services's dividend payout ratio (DPR) is presently -50.00%.

Kelly Services 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.