Jacobs Levy Equity Management Inc. Raises Position in Kelly Services, Inc. (NASDAQ:KELYA)

Jacobs Levy Equity Management Inc. boosted its position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 369,317 shares of the business services provider's stock after acquiring an additional 39,385 shares during the period. Jacobs Levy Equity Management Inc. owned 1.04% of Kelly Services worth $5,148,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV grew its holdings in Kelly Services by 109.1% in the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock worth $54,000 after acquiring an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Kelly Services by 49.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock valued at $60,000 after purchasing an additional 1,406 shares in the last quarter. Palouse Capital Management Inc. boosted its stake in shares of Kelly Services by 13.1% during the 4th quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock valued at $114,000 after purchasing an additional 950 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Kelly Services during the 4th quarter valued at about $153,000. Finally, AXQ Capital LP bought a new stake in shares of Kelly Services during the 4th quarter valued at about $154,000. Institutional investors own 76.34% of the company's stock.

Kelly Services Stock Up 1.9%

NASDAQ:KELYA traded up $0.23 during mid-day trading on Friday, hitting $12.53. 329,809 shares of the company's stock were exchanged, compared to its average volume of 345,847. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $23.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The business has a fifty day moving average price of $12.22 and a 200 day moving average price of $13.62. The company has a market cap of $437.15 million, a PE ratio of -208.80, a P/E/G ratio of 0.43 and a beta of 0.96.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.14). Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Equities analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, May 19th. Kelly Services's payout ratio is currently -50.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KELYA. StockNews.com raised shares of Kelly Services from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Barrington Research reaffirmed an "outperform" rating and set a $25.00 target price 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.