Foundry Partners LLC Has $3.80 Million Stake in Kelly Services, Inc. (NASDAQ:KELYA)

Foundry Partners LLC lifted its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 272,610 shares of the business services provider's stock after buying an additional 61,425 shares during the quarter. Foundry Partners LLC owned approximately 0.77% of Kelly Services worth $3,800,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc increased its holdings in shares of Kelly Services by 367.1% in the 4th quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider's stock worth $33,000 after acquiring an additional 1,883 shares during the period. KBC Group NV increased its stake in shares of Kelly Services by 109.1% in the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock valued at $54,000 after purchasing an additional 2,028 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Kelly Services by 49.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock valued at $60,000 after buying an additional 1,406 shares during the last quarter. Palouse Capital Management Inc. boosted its position in shares of 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 buying an additional 950 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Kelly Services by 3,062.7% in the 4th quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider's stock worth $130,000 after buying an additional 9,035 shares in the last quarter. Institutional investors own 76.34% of the company's stock.

Kelly Services Trading Down 4.6 %

Shares of NASDAQ KELYA traded down $0.55 during mid-day trading on Thursday, hitting $11.48. 70,462 shares of the company traded hands, compared to its average volume of 323,043. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. Kelly Services, Inc. has a 1 year low of $11.29 and a 1 year high of $24.25. The stock has a market capitalization of $400.51 million, a price-to-earnings ratio of -191.30, a PEG ratio of 0.43 and a beta of 1.03. The business has a 50 day moving average of $13.23 and a two-hundred day moving average of $15.27.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its earnings results 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 negative net margin of 0.01% and a positive return on equity of 6.56%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.15 billion. On average, sell-side analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.30 annualized dividend and a dividend yield of 2.61%. Kelly Services's dividend payout ratio (DPR) is -500.00%.

Analysts Set New Price Targets

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

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.