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

Catalyst Funds Management Pty Ltd bought a new position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 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.

Several other large investors have also recently bought and sold shares of the company. 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 worth $1,362,000 after purchasing an additional 44,811 shares in the last quarter. Geode Capital Management LLC increased 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 buying an additional 9,635 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Kelly Services during the 3rd quarter valued at $2,122,000. Franklin Resources Inc. grew its position in Kelly Services by 9.3% in the third quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider's stock worth $456,000 after acquiring an additional 1,905 shares in the last quarter. Finally, State Street Corp increased its stake in Kelly Services by 1.4% in the third 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 during the last quarter. 76.34% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

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

Kelly Services Trading Down 1.4 %

Shares of KELYA stock traded down $0.19 on Monday, hitting $13.10. 221,863 shares of the company's stock traded hands, compared to its average volume of 315,290. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $457.03 million, a price-to-earnings ratio of -218.30, a P/E/G ratio of 0.43 and a beta of 1.13. The company's fifty day simple moving average is $13.71 and its 200 day simple moving average is $16.26. Kelly Services, Inc. has a one year low of $12.66 and a one year high of $25.16.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.44 by $0.38. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Equities analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's dividend payout ratio is -500.00%.

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.