ExodusPoint Capital Management LP Purchases Shares of 124,253 Kelly Services, Inc. (NASDAQ:KELYA)

ExodusPoint Capital Management LP purchased a new stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 124,253 shares of the business services provider's stock, valued at approximately $1,732,000. ExodusPoint Capital Management LP owned approximately 0.35% of Kelly Services as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in Kelly Services by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider's stock worth $33,000 after purchasing an additional 1,883 shares during the period. KBC Group NV raised its position in shares of Kelly Services by 109.1% in the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock worth $54,000 after buying an additional 2,028 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Kelly Services by 49.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock valued at $60,000 after acquiring an additional 1,406 shares during the last quarter. Palouse Capital Management Inc. increased its stake in Kelly Services by 13.1% during the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock worth $114,000 after acquiring an additional 950 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Kelly Services by 3,062.7% in the fourth 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. 76.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Kelly Services Stock Performance

Shares of NASDAQ KELYA traded up $0.03 during trading on Monday, reaching $11.53. The stock had a trading volume of 15,502 shares, compared to its average volume of 339,785. The stock has a market cap of $402.26 million, a PE ratio of -192.13, a P/E/G ratio of 0.43 and a beta of 1.03. Kelly Services, Inc. has a one year low of $11.17 and a one year high of $24.25. The firm's 50 day moving average price is $13.14 and its two-hundred day moving average price is $15.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping 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 negative net margin of 0.01% and a positive return on equity of 6.56%. On average, research analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The business also recently disclosed 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 2.60%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's dividend payout ratio is presently -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.