Foundry Partners LLC Grows Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

Foundry Partners LLC raised its position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 35.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 368,875 shares of the business services provider's stock after purchasing an additional 96,265 shares during the period. Foundry Partners LLC owned 1.06% of Kelly Services worth $4,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of KELYA. Parallel Advisors LLC grew its holdings in Kelly Services by 5,012.7% during the first quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock valued at $37,000 after purchasing an additional 2,757 shares during the period. Palouse Capital Management Inc. boosted its holdings in shares of Kelly Services by 33.6% in the first quarter. Palouse Capital Management Inc. now owns 10,944 shares of the business services provider's stock worth $144,000 after acquiring an additional 2,750 shares during the period. AXQ Capital LP bought a new position in shares of Kelly Services in the fourth quarter worth $154,000. Cetera Investment Advisers bought a new position in shares of Kelly Services in the fourth quarter worth $158,000. Finally, Federated Hermes Inc. boosted its holdings in shares of Kelly Services by 9.6% in the fourth quarter. Federated Hermes Inc. now owns 12,240 shares of the business services provider's stock worth $171,000 after acquiring an additional 1,076 shares during the period. 76.34% of the stock is owned by institutional investors.

Kelly Services Stock Performance

Shares of Kelly Services stock traded up $0.02 during trading hours on Friday, reaching $12.56. The company had a trading volume of 303,674 shares, compared to its average volume of 348,250. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $23.81. The business has a fifty day simple moving average of $12.00 and a 200 day simple moving average of $12.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $438.19 million, a PE ratio of -20.93, a price-to-earnings-growth ratio of 0.46 and a beta of 0.95.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.39 earnings per share (EPS) 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 analysts' expectations of $1.16 billion. On average, analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were given a dividend of $0.075 per share. 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 2.39%. Kelly Services's payout ratio is -50.00%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a report on Tuesday, May 20th. Wall Street Zen lowered Kelly Services from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

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.