Y Intercept Hong Kong Ltd Has $332,000 Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Y Intercept Hong Kong Ltd cut its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 76.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,206 shares of the business services provider's stock after selling 81,054 shares during the period. Y Intercept Hong Kong Ltd owned about 0.07% of Kelly Services worth $332,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kelly Services by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,786 shares of the business services provider's stock worth $248,000 after acquiring an additional 760 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Kelly Services by 9.6% in the fourth quarter. Federated Hermes Inc. now owns 12,240 shares of the business services provider's stock worth $171,000 after acquiring an additional 1,076 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Kelly Services by 22.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,383 shares of the business services provider's stock worth $173,000 after acquiring an additional 2,298 shares during the last quarter. Barclays PLC lifted its holdings in Kelly Services by 3.9% in the fourth quarter. Barclays PLC now owns 66,095 shares of the business services provider's stock worth $922,000 after acquiring an additional 2,457 shares during the last quarter. Finally, Palouse Capital Management Inc. lifted its holdings in Kelly Services by 33.6% in the first quarter. Palouse Capital Management Inc. now owns 10,944 shares of the business services provider's stock worth $144,000 after acquiring an additional 2,750 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Kelly Services Trading Down 1.5%

NASDAQ:KELYA traded down $0.18 during trading hours on Friday, hitting $12.07. The stock had a trading volume of 533,869 shares, compared to its average volume of 290,544. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $22.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $421.10 million, a price-to-earnings ratio of -20.12, a P/E/G ratio of 0.45 and a beta of 0.95. The business's 50 day moving average is $12.15 and its 200-day moving average is $12.61.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings data 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). Kelly Services had a positive return on equity of 6.13% and a negative net margin of 0.46%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Sell-side analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, May 19th. Kelly Services's dividend payout ratio (DPR) is currently -50.00%.

Analyst Upgrades and Downgrades

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