Legal & General Group Plc Decreases Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

Legal & General Group Plc lowered its stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 55.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,044 shares of the business services provider's stock after selling 55,324 shares during the period. Legal & General Group Plc owned approximately 0.12% of Kelly Services worth $614,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in KELYA. Boston Partners increased its stake in shares of Kelly Services by 49.0% in the 4th quarter. Boston Partners now owns 1,889,389 shares of the business services provider's stock valued at $26,450,000 after purchasing an additional 621,078 shares during the last quarter. American Century Companies Inc. boosted its holdings in Kelly Services by 10.7% in the fourth quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider's stock valued at $12,506,000 after acquiring an additional 86,560 shares during the last quarter. Geode Capital Management LLC boosted its position in Kelly Services by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider's stock valued at $11,031,000 after acquiring an additional 9,464 shares during the last quarter. Foundry Partners LLC lifted its stake in Kelly Services by 29.1% in the fourth quarter. Foundry Partners LLC now owns 272,610 shares of the business services provider's stock valued at $3,800,000 after buying an additional 61,425 shares during the period. Finally, Empowered Funds LLC boosted its stake in Kelly Services by 5.1% during the fourth quarter. Empowered Funds LLC now owns 206,267 shares of the business services provider's stock worth $2,875,000 after acquiring an additional 9,984 shares in the last quarter. Institutional investors own 76.34% of the company's stock.

Kelly Services Price Performance

Shares of Kelly Services stock traded up $0.27 during trading on Friday, hitting $11.77. The stock had a trading volume of 81,492 shares, compared to its average volume of 344,540. The firm has a market cap of $410.46 million, a price-to-earnings ratio of -196.12, a P/E/G ratio of 0.43 and a beta of 1.03. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The business's 50-day moving average is $12.49 and its 200 day moving average is $14.27. Kelly Services, Inc. has a 12 month low of $10.80 and a 12 month high of $24.01.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.15 billion. As a group, sell-side analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's dividend payout ratio (DPR) is presently -500.00%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an "outperform" rating and issued a $25.00 target price on shares of Kelly Services in a report 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.