Assenagon Asset Management S.A. Cuts Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

Assenagon Asset Management S.A. lowered its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 251,223 shares of the business services provider's stock after selling 124,235 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.71% of Kelly Services worth $5,431,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KELYA. Bank of New York Mellon Corp boosted its stake in shares of Kelly Services by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 417,195 shares of the business services provider's stock valued at $9,050,000 after purchasing an additional 2,941 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Kelly Services by 26.0% during the 1st quarter. American Century Companies Inc. now owns 67,385 shares of the business services provider's stock worth $1,462,000 after acquiring an additional 13,906 shares during the period. US Bancorp DE raised its position in shares of Kelly Services by 16.9% in the 1st quarter. US Bancorp DE now owns 4,185 shares of the business services provider's stock worth $91,000 after acquiring an additional 606 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Kelly Services by 66.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the business services provider's stock valued at $132,000 after purchasing an additional 2,401 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of Kelly Services by 48.2% during the first quarter. MetLife Investment Management LLC now owns 18,311 shares of the business services provider's stock valued at $397,000 after purchasing an additional 5,957 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kelly Services

In other Kelly Services news, SVP Timothy L. Dupree sold 12,711 shares of the business's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $24.98, for a total value of $317,520.78. Following the completion of the transaction, the senior vice president now owns 32,392 shares of the company's stock, valued at approximately $809,152.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Kelly Services news, SVP Timothy L. Dupree sold 12,711 shares of Kelly Services stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $24.98, for a total value of $317,520.78. Following the completion of the sale, the senior vice president now owns 32,392 shares of the company's stock, valued at approximately $809,152.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Olivier Thirot sold 20,000 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $24.07, for a total transaction of $481,400.00. Following the sale, the executive vice president now owns 174,793 shares of the company's stock, valued at $4,207,267.51. The disclosure for this sale can be found here. Company insiders own 3.50% of the company's stock.

Kelly Services Price Performance

NASDAQ KELYA traded down $0.63 during trading hours on Monday, reaching $24.41. 181,897 shares of the company's stock traded hands, compared to its average volume of 246,713. Kelly Services, Inc. has a 52-week low of $15.53 and a 52-week high of $25.27. The firm has a 50-day simple moving average of $23.07 and a 200 day simple moving average of $20.96. The firm has a market cap of $861.43 million, a PE ratio of 24.91, a PEG ratio of 1.08 and a beta of 1.18.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.38. Kelly Services had a return on equity of 6.50% and a net margin of 0.75%. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm's quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that Kelly Services, Inc. will post 1.78 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.30 annualized dividend and a yield of 1.23%. Kelly Services's dividend payout ratio is 30.61%.

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.