Two Sigma Advisers LP Has $1.44 Million Stake in Kelly Services, Inc. (NASDAQ:KELYA)

Two Sigma Advisers LP boosted its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 804.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,100 shares of the business services provider's stock after purchasing an additional 91,700 shares during the period. Two Sigma Advisers LP owned about 0.29% of Kelly Services worth $1,437,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Exchange Traded Concepts LLC boosted its stake in shares of Kelly Services by 2.6% in 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 boosted its position in Kelly Services by 109.1% in the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock valued at $54,000 after buying an additional 2,028 shares in the last quarter. ARGA Investment Management LP grew its stake 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 buying 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 buying an additional 9,984 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Kelly Services during the fourth quarter worth $153,000. Institutional investors and hedge funds own 76.34% of the company's stock.

Kelly Services Trading Down 0.4%

NASDAQ:KELYA traded down $0.05 during mid-day trading on Wednesday, hitting $11.67. 151,157 shares of the company's stock were exchanged, compared to its average volume of 345,688. 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 firm has a market capitalization of $407.14 million, a P/E ratio of -194.47, a PEG ratio of 0.43 and a beta of 0.96. The company has a 50 day simple moving average of $11.84 and a 200-day simple moving average of $13.11.

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 (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.14). The business had revenue of $1.16 billion for 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%. As a group, research analysts expect that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 2.57%. Kelly Services's payout ratio is -50.00%.

Wall Street Analyst Weigh In

KELYA has been the topic of several recent research reports. 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 research report on Tuesday, May 20th.

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.