Kelly Services, Inc. (NASDAQ:KELYA) Position Cut by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 72.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,114 shares of the business services provider's stock after selling 51,774 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Kelly Services worth $280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its stake in Kelly Services by 367.1% in the 4th quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider's stock worth $33,000 after buying an additional 1,883 shares in the last quarter. KBC Group NV lifted its holdings in shares of Kelly Services by 109.1% in 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 increased its position 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 during the last quarter. Palouse Capital Management Inc. raised its stake in shares of Kelly Services by 13.1% in the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock valued at $114,000 after acquiring an additional 950 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Kelly Services by 3,062.7% in the 4th quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider's stock worth $130,000 after acquiring an additional 9,035 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company's stock.

Analyst Ratings Changes

Separately, Barrington Research reissued an "outperform" rating and issued a $25.00 price objective on shares of Kelly Services in a research note on Tuesday, February 18th.

Kelly Services Stock Performance

Kelly Services stock traded up $0.04 during midday trading on Wednesday, hitting $11.55. 243,731 shares of the company were exchanged, compared to its average volume of 345,451. The firm has a market capitalization of $402.96 million, a PE ratio of -192.47, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. The business has a fifty day simple moving average of $12.54 and a two-hundred day simple moving average of $14.33. Kelly Services, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $24.01.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.15 billion. On average, sell-side analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Wednesday, February 26th. Kelly Services's payout ratio is -500.00%.

Kelly Services Company 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.