River Road Asset Management LLC Sells 48,928 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

River Road Asset Management LLC lessened its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 831,254 shares of the business services provider's stock after selling 48,928 shares during the quarter. River Road Asset Management LLC owned approximately 2.36% of Kelly Services worth $17,972,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Kelly Services by 131.6% in the 3rd quarter. Royal Bank of Canada now owns 2,121 shares of the business services provider's stock valued at $29,000 after purchasing an additional 1,205 shares during the period. UBS Group AG raised its stake in shares of Kelly Services by 7,115.6% during the 2nd quarter. UBS Group AG now owns 2,309 shares of the business services provider's stock worth $46,000 after purchasing an additional 2,277 shares during the period. Captrust Financial Advisors raised its stake in Kelly Services by 43.0% in the 1st quarter. Captrust Financial Advisors now owns 3,407 shares of the business services provider's stock valued at $74,000 after acquiring an additional 1,024 shares during the period. Quantbot Technologies LP bought a new stake in Kelly Services in the 2nd quarter valued at about $73,000. Finally, Quarry LP bought a new stake in Kelly Services in the 2nd quarter valued at about $69,000. Institutional investors own 76.34% of the company's stock.

Kelly Services Price Performance

KELYA stock traded up $0.14 during mid-day trading on Thursday, reaching $23.33. 107,853 shares of the company traded hands, compared to its average volume of 228,845. The company has a market capitalization of $823.32 million, a P/E ratio of 23.66, a P/E/G ratio of 1.00 and a beta of 1.18. Kelly Services, Inc. has a 52-week low of $15.53 and a 52-week high of $25.27. The company has a fifty day moving average price of $23.80 and a 200-day moving average price of $21.42.

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

Kelly Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were given 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 dividend yield of 1.29%. Kelly Services's dividend payout ratio (DPR) is presently 30.61%.

Insider Activity at Kelly Services

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

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.