Two Sigma Investments LP grew its position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 438.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 339,758 shares of the business services provider's stock after acquiring an additional 276,633 shares during the quarter. Two Sigma Investments LP owned 0.95% of Kelly Services worth $4,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of KELYA. Exchange Traded Concepts LLC lifted its holdings in shares of Kelly Services by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider's stock valued at $521,000 after acquiring an additional 945 shares during the last quarter. KBC Group NV raised its position in Kelly Services by 109.1% during the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock valued at $54,000 after purchasing an additional 2,028 shares during the period. ARGA Investment Management LP lifted its stake in shares of Kelly Services by 28.6% in the 4th quarter. ARGA Investment Management LP now owns 97,482 shares of the business services provider's stock valued at $1,359,000 after purchasing an additional 21,672 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Kelly Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 206,267 shares of the business services provider's stock worth $2,875,000 after purchasing an additional 9,984 shares during the period. Finally, Entropy Technologies LP bought a new position in shares of Kelly Services during the 4th quarter valued at approximately $153,000. 76.34% of the stock is currently owned by institutional investors.
Kelly Services Trading Down 0.1%
Shares of NASDAQ:KELYA traded down $0.01 during trading hours on Friday, hitting $11.72. 890,315 shares of the company's stock traded hands, compared to its average volume of 345,939. The firm has a market capitalization of $408.89 million, a P/E ratio of -195.30, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The business has a fifty day moving average price of $11.94 and a 200-day moving average price of $13.15. Kelly Services, Inc. has a 1 year low of $10.80 and a 1 year high of $23.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65.
Kelly Services (NASDAQ:KELYA - Get Free Report) last posted 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 negative net margin of 0.01% and a positive return on equity of 6.56%. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. Equities analysts expect that Kelly Services, Inc. will post 2.45 earnings per share for the current year.
Kelly Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be given 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 2.56%. Kelly Services's dividend payout ratio (DPR) is -50.00%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Barrington Research restated an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a research report on Tuesday, May 20th. Wall Street Zen lowered shares of Kelly Services from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.
Get Our Latest Analysis on KELYA
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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