Barclays PLC Acquires 44,811 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Barclays PLC increased its stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 238.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,638 shares of the business services provider's stock after buying an additional 44,811 shares during the period. Barclays PLC owned 0.18% of Kelly Services worth $1,362,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in Kelly Services during the second quarter valued at $30,000. nVerses Capital LLC bought a new position in shares of Kelly Services in the 2nd quarter worth about $47,000. Meeder Asset Management Inc. purchased a new position in Kelly Services during the 2nd quarter valued at about $51,000. Quest Partners LLC bought a new stake in Kelly Services during the third quarter worth about $158,000. Finally, SG Americas Securities LLC purchased a new stake in Kelly Services in the third quarter worth about $196,000. 76.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research lowered their target price on shares of Kelly Services from $29.00 to $25.00 and set an "outperform" rating for the company in a report on Monday, November 18th.

Insider Buying and Selling

In other news, SVP Daniel H. Malan bought 3,500 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $13.88 per share, for a total transaction of $48,580.00. Following the purchase, the senior vice president now owns 95,906 shares in the company, valued at approximately $1,331,175.28. The trade was a 3.79 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.90% of the stock is owned by insiders.

Kelly Services Stock Performance

Shares of KELYA traded down $0.07 during trading hours on Friday, hitting $13.18. The stock had a trading volume of 599,544 shares, compared to its average volume of 313,431. The firm has a market capitalization of $469.34 million, a PE ratio of 11.46, a PEG ratio of 0.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.61. Kelly Services, Inc. has a 12 month low of $12.68 and a 12 month high of $25.27. The stock has a fifty day moving average price of $15.85 and a 200 day moving average price of $19.28.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.23). Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company's revenue for the quarter was down 7.1% compared to the same quarter last year. Analysts anticipate that Kelly Services, Inc. will post 1.93 EPS for the current year.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a $0.075 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $0.30 annualized dividend and a dividend yield of 2.28%. Kelly Services's dividend payout ratio (DPR) is 26.09%.

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.