Y Intercept Hong Kong Ltd lessened its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 76.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Parallel Advisors LLC increased its holdings in shares of Kelly Services by 5,012.7% in the 1st quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock valued at $37,000 after purchasing an additional 2,757 shares during the period. Renaissance Technologies LLC acquired a new position in Kelly Services in the fourth quarter worth approximately $5,343,000. Cetera Investment Advisers acquired a new position in Kelly Services in the fourth quarter worth approximately $158,000. GAMMA Investing LLC increased its holdings in Kelly Services by 923.2% in the first quarter. GAMMA Investing LLC now owns 95,469 shares of the business services provider's stock worth $1,257,000 after buying an additional 86,139 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Kelly Services by 123.7% in the fourth quarter. Bank of America Corp DE now owns 146,462 shares of the business services provider's stock worth $2,042,000 after buying an additional 80,995 shares during the last quarter. Institutional investors and hedge funds own 76.34% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on KELYA. Wall Street Zen cut Kelly Services from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Barrington Research reissued an "outperform" rating and issued a $25.00 price objective on shares of Kelly Services in a research report on Tuesday, May 20th.
Get Our Latest Stock Report on KELYA
Kelly Services Stock Performance
Shares of KELYA stock traded down $0.18 during trading on Friday, reaching $12.07. 533,869 shares of the company's stock were exchanged, compared to its average volume of 302,097. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $421.12 million, a PE ratio of -20.12, a PEG ratio of 0.45 and a beta of 0.95. Kelly Services, Inc. has a twelve month low of $10.80 and a twelve month high of $22.44. The firm's fifty day moving average price is $12.14 and its 200-day moving average price is $12.63.
Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). Kelly Services had a negative net margin of 0.46% and a positive return on equity of 6.13%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. As a group, sell-side analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current year.
Kelly Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, May 19th. Kelly Services's dividend payout ratio is presently -50.00%.
About Kelly Services
(
Free Report)
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.
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