Kelly Services, Inc. (NASDAQ:KELYA) Stock Holdings Lowered by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 31.1% during the first quarter, according to its most recent disclosure 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 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Millennium Management LLC increased its stake in shares of Kelly Services by 2,251.9% in the fourth quarter. Millennium Management LLC now owns 1,095,238 shares of the business services provider's stock worth $15,268,000 after buying an additional 1,048,670 shares during the last quarter. Boston Partners increased its stake in shares of Kelly Services by 49.0% in the fourth quarter. Boston Partners now owns 1,889,389 shares of the business services provider's stock worth $26,450,000 after buying an additional 621,078 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Kelly Services by 2,489.0% in the fourth quarter. Jane Street Group LLC now owns 603,057 shares of the business services provider's stock worth $8,407,000 after buying an additional 579,764 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Kelly Services in the fourth quarter worth $5,343,000. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of Kelly Services by 567.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 350,849 shares of the business services provider's stock worth $4,891,000 after buying an additional 298,310 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company's stock.

Kelly Services Stock Performance

KELYA stock traded down $0.25 during trading on Friday, hitting $12.46. 252,330 shares of the company's stock traded hands, compared to its average volume of 347,604. 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 52 week low of $10.80 and a 52 week high of $23.81. The stock has a fifty day moving average price of $11.94 and a two-hundred day moving average price of $12.71. The stock has a market capitalization of $434.73 million, a price-to-earnings ratio of -20.77, a price-to-earnings-growth ratio of 0.45 and a beta of 0.95.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its earnings results on Thursday, May 8th. The business services provider reported $0.39 earnings per share 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 for the quarter, compared to the consensus estimate of $1.16 billion. As a group, equities analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were paid a dividend of $0.075 per share. The ex-dividend date was Monday, May 19th. This represents a $0.30 annualized dividend and a yield of 2.41%. Kelly Services's payout ratio is -50.00%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KELYA. Wall Street Zen lowered shares of Kelly Services from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Barrington Research restated an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a research note on Tuesday, May 20th.

About Kelly Services

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.