Jump Financial LLC Invests $1.19 Million in Kelly Services, Inc. (NASDAQ:KELYA)

Jump Financial LLC purchased a new stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 85,071 shares of the business services provider's stock, valued at approximately $1,186,000. Jump Financial LLC owned approximately 0.24% of Kelly Services at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in KELYA. Walleye Capital LLC bought a new stake in shares of Kelly Services during the 4th quarter valued at approximately $1,004,000. XTX Topco Ltd acquired a new position in shares of Kelly Services during the fourth quarter worth $286,000. Barclays PLC lifted its stake in shares of Kelly Services by 3.9% in the 4th quarter. Barclays PLC now owns 66,095 shares of the business services provider's stock valued at $922,000 after acquiring an additional 2,457 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in Kelly Services in the 4th quarter worth about $4,082,000. Finally, Renaissance Technologies LLC bought a new position in Kelly Services in the fourth quarter valued at about $5,343,000. 76.34% of the stock is currently owned by institutional investors.

Kelly Services Trading Up 1.2 %

Shares of KELYA stock traded up $0.14 on Friday, hitting $11.55. The company had a trading volume of 251,809 shares, compared to its average volume of 345,491. The stock's 50-day moving average is $12.67 and its two-hundred day moving average is $14.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market cap of $402.96 million, a P/E ratio of -192.47, a P/E/G ratio of 0.43 and a beta of 1.03. Kelly Services, Inc. has a twelve month low of $10.80 and a twelve month high of $24.01.

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

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.30 annualized dividend and a dividend yield of 2.60%. Kelly Services's payout ratio is -500.00%.

Wall Street Analyst Weigh In

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

About Kelly Services

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.