Hsbc Holdings PLC Acquires 53,682 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Hsbc Holdings PLC grew its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 198.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,782 shares of the business services provider's stock after buying an additional 53,682 shares during the quarter. Hsbc Holdings PLC owned 0.23% of Kelly Services worth $1,110,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of Kelly Services by 367.1% in the 4th quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider's stock valued at $33,000 after purchasing an additional 1,883 shares in the last quarter. KBC Group NV boosted its position in Kelly Services by 109.1% during 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 during the period. Parkside Financial Bank & Trust increased its holdings in shares of Kelly Services by 49.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock worth $60,000 after buying an additional 1,406 shares during the period. Palouse Capital Management Inc. lifted its stake in shares of Kelly Services by 13.1% in the 4th 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 during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Kelly Services by 3,062.7% during the 4th quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider's stock valued at $130,000 after acquiring an additional 9,035 shares during the period. 76.34% of the stock is owned by institutional investors.

Kelly Services Trading Down 0.7 %

Shares of NASDAQ:KELYA traded down $0.08 during midday trading on Wednesday, hitting $11.39. 321,814 shares of the stock traded hands, compared to its average volume of 344,557. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The business's 50 day moving average is $12.38 and its two-hundred day moving average is $14.04. The stock has a market capitalization of $397.20 million, a PE ratio of -189.72, a P/E/G ratio of 0.43 and a beta of 0.96. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $23.85.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.38. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, research analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's payout ratio is -500.00%.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an "outperform" rating and set a $25.00 price objective on shares of Kelly Services in a research note on Tuesday, February 18th.

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.