Kelly Services, Inc. (NASDAQ:KELYA) Shares Bought by Squarepoint Ops LLC

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

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV increased its holdings in Kelly Services by 109.1% during the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock worth $54,000 after purchasing an additional 2,028 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Kelly Services by 49.0% during the fourth 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 during the period. Palouse Capital Management Inc. raised its holdings in shares of Kelly Services by 13.1% in the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock valued at $114,000 after acquiring an additional 950 shares in the last quarter. Entropy Technologies LP purchased a new position in Kelly Services during the 4th quarter valued at about $153,000. Finally, AXQ Capital LP bought a new stake in shares of Kelly Services in the 4th quarter valued at about $154,000. 76.34% of the stock is currently owned by institutional investors.

Kelly Services Stock Down 0.1%

KELYA stock traded down $0.01 during trading on Friday, reaching $11.72. 890,315 shares of the company traded hands, compared to its average volume of 346,209. The business has a 50 day simple moving average of $11.94 and a 200 day simple moving average of $13.18. Kelly Services, Inc. has a 12 month low of $10.80 and a 12 month 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 has a market capitalization of $408.89 million, a price-to-earnings ratio of -195.30, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. On average, equities research analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be given a $0.075 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.56%. Kelly Services's payout ratio is -50.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KELYA shares. Barrington Research reiterated an "outperform" rating and set a $25.00 price objective on shares of Kelly Services in a research note on Tuesday, May 20th. Wall Street Zen lowered Kelly Services from a "buy" rating to a "hold" rating in a 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.