Kelly Services, Inc. (NASDAQ:KELYA) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 498.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,987 shares of the business services provider's stock after purchasing an additional 135,730 shares during the period. JPMorgan Chase & Co. owned about 0.46% of Kelly Services worth $2,272,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Kelly Services by 238.0% during the third quarter. Barclays PLC now owns 63,638 shares of the business services provider's stock valued at $1,362,000 after acquiring an additional 44,811 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Kelly Services by 1.2% during the third quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider's stock valued at $16,739,000 after acquiring an additional 9,635 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Kelly Services by 9.3% during the third quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider's stock valued at $456,000 after acquiring an additional 1,905 shares during the period. ARGA Investment Management LP boosted its holdings 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 valued at $1,359,000 after acquiring an additional 21,672 shares during the period. Finally, HighTower Advisors LLC acquired a new position in shares of Kelly Services during the third quarter valued at $213,000. Institutional investors own 76.34% of the company's stock.

Kelly Services Price Performance

KELYA stock traded up $0.04 during trading on Tuesday, hitting $11.51. The company had a trading volume of 170,066 shares, compared to its average volume of 345,259. The firm has a market capitalization of $401.56 million, a price-to-earnings ratio of -191.80, a P/E/G ratio of 0.43 and a beta of 1.03. The business has a 50 day moving average of $12.59 and a 200 day moving average of $14.35. Kelly Services, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $24.01. 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 (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.38. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 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 predict that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's payout ratio is currently -500.00%.

Analyst Upgrades and Downgrades

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

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.