Millennium Management LLC boosted its position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 2,251.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,095,238 shares of the business services provider's stock after purchasing an additional 1,048,670 shares during the period. Millennium Management LLC owned about 3.08% of Kelly Services worth $15,268,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of KELYA. KBC Group NV increased its stake in Kelly Services by 109.1% in the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock worth $54,000 after acquiring an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Kelly Services by 49.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock worth $60,000 after buying an additional 1,406 shares during the period. Palouse Capital Management Inc. lifted its holdings in shares of Kelly Services by 13.1% in the 4th quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock worth $114,000 after buying an additional 950 shares during the period. Entropy Technologies LP purchased a new position in shares of Kelly Services in the 4th quarter valued at $153,000. Finally, AXQ Capital LP bought a new stake in Kelly Services during the fourth quarter valued at about $154,000. 76.34% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
KELYA has been the topic of several research reports. Wall Street Zen downgraded Kelly Services from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Barrington Research reaffirmed an "outperform" rating and set a $25.00 target price on shares of Kelly Services in a report on Tuesday, May 20th.
Check Out Our Latest Report on Kelly Services
Kelly Services Trading Down 2.2%
NASDAQ KELYA traded down $0.27 on Wednesday, reaching $11.76. 19,058 shares of the company were exchanged, compared to its average volume of 342,234. Kelly Services, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $23.81. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $410.11 million, a P/E ratio of -195.97, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The business's fifty day moving average price is $12.03 and its 200 day moving average price is $13.25.
Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly 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 positive return on equity of 6.56% and a negative net margin of 0.01%. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. Analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current year.
Kelly Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be issued a dividend of $0.075 per share. The ex-dividend date is Monday, May 19th. This represents a $0.30 annualized dividend and a yield of 2.55%. Kelly Services's dividend payout ratio is presently -50.00%.
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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