Squarepoint Ops LLC Purchases 114,591 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Squarepoint Ops LLC boosted its position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 254.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,548 shares of the business services provider's stock after buying an additional 114,591 shares during the period. Squarepoint Ops LLC owned approximately 0.45% of Kelly Services worth $2,224,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its stake in Kelly Services by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider's stock valued at $521,000 after purchasing an additional 945 shares in the last quarter. KBC Group NV increased 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 in the last quarter. ARGA Investment Management LP increased its position in shares of Kelly Services by 28.6% during the fourth quarter. ARGA Investment Management LP now owns 97,482 shares of the business services provider's stock worth $1,359,000 after acquiring an additional 21,672 shares in the last quarter. Empowered Funds LLC raised 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 acquiring an additional 9,984 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in Kelly Services in the 4th quarter valued at about $153,000. 76.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on KELYA shares. Barrington Research reissued an "outperform" rating and set a $25.00 price objective on shares of Kelly Services in a report on Tuesday, May 20th. Wall Street Zen downgraded Kelly Services from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

Kelly Services Stock Down 0.1%

Shares of KELYA traded down $0.01 during trading hours on Monday, reaching $11.71. 304,870 shares of the stock traded hands, compared to its average volume of 345,771. Kelly Services, Inc. has a 52 week low of $10.80 and a 52 week high of $23.81. The company has a market cap of $408.54 million, a price-to-earnings ratio of -195.13, a PEG ratio of 0.43 and a beta of 0.96. The stock has a fifty day simple moving average of $11.91 and a 200 day simple moving average of $13.13. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its earnings results on Thursday, May 8th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.14). The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. On average, equities analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.56%. Kelly Services's dividend payout ratio (DPR) is presently -50.00%.

About Kelly Services

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.