Quantinno Capital Management LP Acquires Shares of 24,950 Kelly Services, Inc. (NASDAQ:KELYA)

Quantinno Capital Management LP purchased a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,950 shares of the business services provider's stock, valued at approximately $348,000. Quantinno Capital Management LP owned about 0.07% of Kelly Services as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. KBC Group NV grew its position in shares of Kelly Services by 109.1% during the fourth 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 grew its position in 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 valued at $60,000 after buying an additional 1,406 shares in the last quarter. Palouse Capital Management Inc. grew its position in 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 valued at $114,000 after buying an additional 950 shares in the last quarter. Entropy Technologies LP bought a new position in Kelly Services in the 4th quarter valued at about $153,000. Finally, AXQ Capital LP bought a new position in Kelly Services in the 4th quarter valued at about $154,000. Institutional investors own 76.34% of the company's stock.

Kelly Services Price Performance

Shares of NASDAQ:KELYA traded up $0.35 during trading hours on Tuesday, hitting $12.02. 272,012 shares of the company's stock traded hands, compared to its average volume of 343,512. Kelly Services, Inc. has a 52 week low of $10.80 and a 52 week high of $23.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. The company's fifty day simple moving average is $12.03 and its two-hundred day simple moving average is $13.25. The company has a market cap of $419.35 million, a price-to-earnings ratio of -200.30, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96.

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 for the quarter, missing the consensus estimate 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 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Monday, May 19th. Kelly Services's dividend payout ratio is presently -50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Kelly Services from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Barrington Research reiterated 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 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.