122,805 Shares in Kelly Services, Inc. (NASDAQ:KELYA) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 122,805 shares of the business services provider's stock, valued at approximately $1,712,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.35% of Kelly Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Alpine Global Management LLC acquired a new stake in Kelly Services during the fourth quarter worth about $198,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kelly Services by 14.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,329 shares of the business services provider's stock valued at $1,148,000 after purchasing an additional 10,352 shares during the period. Squarepoint Ops LLC grew its holdings in Kelly Services by 254.9% in the fourth quarter. Squarepoint Ops LLC now owns 159,548 shares of the business services provider's stock valued at $2,224,000 after purchasing an additional 114,591 shares during the period. Two Sigma Advisers LP grew its holdings in Kelly Services by 804.4% in the fourth quarter. Two Sigma Advisers LP now owns 103,100 shares of the business services provider's stock valued at $1,437,000 after purchasing an additional 91,700 shares during the period. Finally, Two Sigma Investments LP grew its holdings in Kelly Services by 438.2% in the fourth quarter. Two Sigma Investments LP now owns 339,758 shares of the business services provider's stock valued at $4,736,000 after purchasing an additional 276,633 shares during the period. 76.34% of the stock is owned by institutional investors and hedge funds.

Kelly Services Price Performance

KELYA traded up $0.24 during trading on Friday, hitting $11.91. The company's stock had a trading volume of 191,345 shares, compared to its average volume of 346,166. 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, Inc. has a twelve month low of $10.80 and a twelve month high of $23.81. The business's fifty day simple moving average is $11.78 and its 200 day simple moving average is $13.08. The firm has a market capitalization of $415.52 million, a price-to-earnings ratio of -198.47, a P/E/G ratio of 0.43 and a beta of 0.96.

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

Kelly Services Dividend Announcement

The company 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. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Monday, May 19th. Kelly Services's dividend payout ratio is presently -50.00%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barrington Research reissued 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 lowered Kelly Services from a "buy" rating to a "hold" rating in a 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.