Catalyst Funds Management Pty Ltd Purchases New Position in Kelly Services, Inc. (NASDAQ:KELYA)

Catalyst Funds Management Pty Ltd 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 disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,200 shares of the business services provider's stock, valued at approximately $407,000. Catalyst Funds Management Pty Ltd owned approximately 0.08% of Kelly Services at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in Kelly Services by 45.7% during the third quarter. Pacer Advisors Inc. now owns 1,211,791 shares of the business services provider's stock valued at $25,944,000 after acquiring an additional 380,035 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Kelly Services in the fourth quarter worth $1,481,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Kelly Services during the third quarter worth $2,122,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Kelly Services by 20.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 329,932 shares of the business services provider's stock valued at $7,064,000 after buying an additional 56,457 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Kelly Services by 238.0% during the third 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 last quarter. Hedge funds and other institutional investors own 76.34% of the company's stock.

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Kelly Services Stock Performance

KELYA stock traded up $0.38 during trading on Tuesday, hitting $13.48. 155,037 shares of the company traded hands, compared to its average volume of 314,704. The stock's 50-day simple moving average is $13.71 and its 200 day simple moving average is $16.26. Kelly Services, Inc. has a 1 year low of $12.66 and a 1 year high of $25.16. The company has a market cap of $470.29 million, a PE ratio of -224.30, a P/E/G ratio of 0.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.38. The firm 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 analysts expect that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's payout ratio is -500.00%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated 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 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.