Legato Capital Management LLC Has $666,000 Position in Kelly Services, Inc. (NASDAQ:KELYA)

Legato Capital Management LLC grew its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 140.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 50,570 shares of the business services provider's stock after buying an additional 29,539 shares during the period. Legato Capital Management LLC owned 0.14% of Kelly Services worth $666,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KELYA. Parallel Advisors LLC increased its stake in shares of Kelly Services by 5,012.7% during the 1st quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock worth $37,000 after purchasing an additional 2,757 shares in the last quarter. Palouse Capital Management Inc. boosted its holdings in shares of Kelly Services by 33.6% in the 1st quarter. Palouse Capital Management Inc. now owns 10,944 shares of the business services provider's stock valued at $144,000 after purchasing an additional 2,750 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Kelly Services during the 4th quarter worth $158,000. Federated Hermes Inc. boosted 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 during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Kelly Services by 22.8% in 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 buying an additional 2,298 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company's stock.

Kelly Services Price Performance

KELYA stock traded up $0.11 on Friday, hitting $13.40. 249,684 shares of the company's stock traded hands, compared to its average volume of 275,788. Kelly Services, Inc. has a 1-year low of $10.80 and a 1-year high of $23.81. The stock has a market cap of $467.53 million, a price-to-earnings ratio of -22.33, a P/E/G ratio of 0.48 and a beta of 0.95. The stock has a fifty day moving average of $12.07 and a 200-day moving average of $12.65. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.39 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 firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. On average, analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 2.24%. Kelly Services's dividend payout ratio (DPR) is -50.00%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of Kelly Services from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Barrington Research restated an "outperform" rating and issued a $25.00 target price on shares of Kelly Services in a research report on Tuesday, May 20th.

Kelly Services Company 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.