Aigen Investment Management LP Makes New Investment in Kelly Services, Inc. (NASDAQ:KELYA)

Aigen Investment Management LP acquired a new position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,673 shares of the business services provider's stock, valued at approximately $288,000. Aigen Investment Management LP owned about 0.06% of Kelly Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Barclays PLC increased its holdings in Kelly Services by 238.0% in the 3rd quarter. Barclays PLC now owns 63,638 shares of the business services provider's stock valued at $1,362,000 after buying an additional 44,811 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Kelly Services by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider's stock worth $16,739,000 after acquiring an additional 9,635 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Kelly Services during the 3rd quarter worth approximately $2,122,000. Franklin Resources Inc. grew its holdings in shares of Kelly Services by 9.3% during the third quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider's stock worth $456,000 after purchasing an additional 1,905 shares during the last quarter. Finally, State Street Corp increased its position in Kelly Services by 1.4% in the 3rd quarter. State Street Corp now owns 1,253,704 shares of the business services provider's stock valued at $26,842,000 after acquiring an additional 17,579 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

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Kelly Services Trading Down 1.8 %

Shares of KELYA stock traded down $0.24 during trading hours on Wednesday, reaching $13.01. The company had a trading volume of 175,802 shares, compared to its average volume of 331,747. Kelly Services, Inc. has a 1-year low of $12.66 and a 1-year high of $25.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market cap of $453.72 million, a price-to-earnings ratio of -216.71, a P/E/G ratio of 0.43 and a beta of 1.13. The company has a 50 day moving average of $13.79 and a 200 day moving average of $16.48.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.38. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates 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 anticipate that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, February 26th. Kelly Services's dividend payout ratio is currently -500.00%.

Analysts Set New Price Targets

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

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.