Kelly Services, Inc. (NASDAQ:KELYA) Shares Sold by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY cut its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 62.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,625 shares of the business services provider's stock after selling 130,500 shares during the quarter. Paradigm Capital Management Inc. NY owned 0.22% of Kelly Services worth $1,082,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KELYA. Exchange Traded Concepts LLC lifted its stake in Kelly Services by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider's stock worth $521,000 after acquiring an additional 945 shares during the last quarter. KBC Group NV raised its holdings in shares of Kelly Services by 109.1% in the 4th 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 in the last quarter. ARGA Investment Management LP lifted its position in shares of Kelly Services by 28.6% during the 4th quarter. ARGA Investment Management LP now owns 97,482 shares of the business services provider's stock worth $1,359,000 after purchasing an additional 21,672 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Kelly Services by 5.1% during the fourth 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 in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Kelly Services in the fourth quarter valued at $153,000. Institutional investors and hedge funds own 76.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KELYA. Barrington Research reiterated an "outperform" rating and issued a $25.00 price objective on shares of Kelly Services in a report on Tuesday, May 20th. Wall Street Zen cut shares of Kelly Services from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

Kelly Services Stock Performance

Shares of KELYA stock traded down $0.18 during mid-day trading on Friday, hitting $11.67. 219,649 shares of the stock were exchanged, compared to its average volume of 343,800. The stock has a market capitalization of $407.14 million, a price-to-earnings ratio of -194.47, a P/E/G ratio of 0.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. Kelly Services, Inc. has a 12-month low of $10.80 and a 12-month high of $23.81. The stock's fifty day simple moving average is $12.11 and its two-hundred day simple moving average is $13.32.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced 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 positive return on equity of 6.56% and a negative net margin of 0.01%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. On average, analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be given 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 2.57%. Kelly Services's payout ratio is currently -50.00%.

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.