Teacher Retirement System of Texas lowered its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 31.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,758 shares of the business services provider's stock after selling 46,818 shares during the period. Teacher Retirement System of Texas owned approximately 0.30% of Kelly Services worth $1,366,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kelly Services by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,786 shares of the business services provider's stock worth $248,000 after purchasing an additional 760 shares in the last quarter. Federated Hermes Inc. increased its position in Kelly Services by 9.6% during the 4th quarter. Federated Hermes Inc. now owns 12,240 shares of the business services provider's stock worth $171,000 after purchasing an additional 1,076 shares in the last quarter. Victory Capital Management Inc. increased its position in Kelly Services by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 32,611 shares of the business services provider's stock worth $455,000 after purchasing an additional 1,411 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Kelly Services by 22.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,383 shares of the business services provider's stock worth $173,000 after purchasing an additional 2,298 shares in the last quarter. Finally, Barclays PLC increased its position in Kelly Services by 3.9% during the 4th quarter. Barclays PLC now owns 66,095 shares of the business services provider's stock worth $922,000 after purchasing an additional 2,457 shares in the last quarter. Institutional investors own 76.34% of the company's stock.
Kelly Services Trading Up 1.7%
NASDAQ KELYA traded up $0.20 on Wednesday, hitting $12.28. The company's stock had a trading volume of 414,294 shares, compared to its average volume of 348,526. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. Kelly Services, Inc. has a 1-year low of $10.80 and a 1-year high of $23.81. The company's 50-day moving average is $11.97 and its 200 day moving average is $12.70. The firm has a market cap of $428.45 million, a PE ratio of -20.47, a PEG ratio of 0.45 and a beta of 0.95.
Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.14). Kelly Services had a negative net margin of 0.46% and a positive return on equity of 6.13%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. As a group, analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.
Kelly Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.44%. The ex-dividend date was Monday, May 19th. Kelly Services's dividend payout ratio (DPR) is currently -50.00%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on KELYA shares. Barrington Research reiterated an "outperform" rating and set a $25.00 price objective 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 research report on Tuesday, May 20th.
Check Out Our Latest Report on Kelly Services
About Kelly Services
(
Free Report)
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.
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