Susquehanna International Group LLP Raises Stock Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Susquehanna International Group LLP grew its stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 225.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,164 shares of the business services provider's stock after acquiring an additional 84,604 shares during the quarter. Susquehanna International Group LLP owned about 0.34% of Kelly Services worth $1,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KELYA. Boston Partners boosted its holdings in Kelly Services by 49.0% during the 4th quarter. Boston Partners now owns 1,889,389 shares of the business services provider's stock valued at $26,450,000 after acquiring an additional 621,078 shares during the period. Renaissance Technologies LLC purchased a new position in Kelly Services during the 4th quarter valued at about $5,343,000. Kennedy Capital Management LLC purchased a new position in Kelly Services during the 4th quarter valued at about $4,082,000. JPMorgan Chase & Co. boosted its holdings in Kelly Services by 498.0% during the 4th quarter. JPMorgan Chase & Co. now owns 162,987 shares of the business services provider's stock valued at $2,272,000 after acquiring an additional 135,730 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new position in Kelly Services during the 4th quarter valued at about $1,732,000. 76.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KELYA has been the subject of a number of research analyst reports. StockNews.com upgraded Kelly Services from a "hold" rating to a "buy" rating in a report on Monday. Barrington Research reiterated 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 Up 0.2%

KELYA stock traded up $0.03 during trading on Tuesday, hitting $12.38. 316,569 shares of the company's stock were exchanged, compared to its average volume of 343,987. The business has a 50-day moving average price of $12.28 and a two-hundred day moving average price of $13.78. The stock has a market capitalization of $431.91 million, a price-to-earnings ratio of -206.30, a PEG ratio of 0.43 and a beta of 0.96. Kelly Services, Inc. has a 52-week low of $10.80 and a 52-week high of $23.81. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its earnings results on Thursday, May 8th. The business services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.14). The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. As a group, equities research analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, May 19th. Kelly Services's dividend payout ratio (DPR) is -50.00%.

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.