35,028 Shares in Kelly Services, Inc. (NASDAQ:KELYA) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 35,028 shares of the business services provider's stock, valued at approximately $488,000. Marshall Wace LLP owned approximately 0.10% of Kelly Services at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Versant Capital Management Inc lifted its stake in shares of Kelly Services by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider's stock valued at $33,000 after acquiring an additional 1,883 shares during the period. KBC Group NV raised its position in shares of Kelly Services by 109.1% during the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock valued at $54,000 after acquiring an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Kelly Services by 49.0% in 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 during the period. Palouse Capital Management Inc. grew its stake in shares of Kelly Services by 13.1% during the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock worth $114,000 after purchasing an additional 950 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Kelly Services by 3,062.7% during the fourth quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider's stock worth $130,000 after purchasing an additional 9,035 shares during the period. 76.34% of the stock is currently owned by institutional investors.

Kelly Services Stock Down 0.7 %

KELYA stock traded down $0.08 during trading hours on Tuesday, reaching $11.46. 233,494 shares of the stock were exchanged, compared to its average volume of 344,744. Kelly Services, Inc. has a 12 month low of $10.80 and a 12 month high of $23.97. 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 firm's 50-day moving average is $12.41 and its 200-day moving average is $14.06. The company has a market cap of $399.82 million, a price-to-earnings ratio of -190.97, a PEG ratio of 0.43 and a beta of 0.96.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. On average, equities research analysts expect that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.62%. Kelly Services's payout ratio is -500.00%.

Analysts Set New Price Targets

Separately, Barrington Research reissued an "outperform" rating and issued a $25.00 target price 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.