383,308 Shares in Kelly Services, Inc. (NASDAQ:KELYA) Bought by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 383,308 shares of the business services provider's stock, valued at approximately $5,343,000. Renaissance Technologies LLC owned about 1.08% of Kelly Services as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc grew its position 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 valued at $33,000 after acquiring an additional 1,883 shares during the last quarter. KBC Group NV grew its holdings in shares of Kelly Services by 109.1% in the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock worth $54,000 after purchasing an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in 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 worth $60,000 after buying an additional 1,406 shares during the period. Palouse Capital Management Inc. lifted its holdings in Kelly Services by 13.1% during the 4th quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock valued at $114,000 after buying an additional 950 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in 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 valued at $130,000 after buying an additional 9,035 shares during the period. Hedge funds and other institutional investors own 76.34% of the company's stock.

Kelly Services Stock Performance

Shares of Kelly Services stock opened at $11.18 on Monday. Kelly Services, Inc. has a 12 month low of $11.00 and a 12 month high of $24.25. The stock's fifty day moving average price is $12.93 and its 200-day moving average price is $14.75. The firm has a market cap of $390.05 million, a P/E ratio of -186.30, a P/E/G ratio of 0.43 and a beta of 1.03. 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 announced its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.38. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.15 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. On average, equities research analysts expect that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Wednesday, February 26th. Kelly Services's dividend payout ratio is currently -500.00%.

Wall Street Analyst Weigh In

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

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.

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