Intech Investment Management LLC Has $222,000 Position in Kelly Services, Inc. (NASDAQ:KELYA)

Intech Investment Management LLC reduced its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 62.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,957 shares of the business services provider's stock after selling 26,449 shares during the quarter. Intech Investment Management LLC's holdings in Kelly Services were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp raised its stake in shares of 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 worth $26,842,000 after acquiring an additional 17,579 shares during the last quarter. Geode Capital Management LLC increased its stake 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 valued at $16,739,000 after buying an additional 9,635 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake 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 acquiring an additional 56,457 shares during the period. Empowered Funds LLC increased its position in Kelly Services by 5.1% in the fourth quarter. Empowered Funds LLC now owns 206,267 shares of the business services provider's stock worth $2,875,000 after purchasing an additional 9,984 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Kelly Services during the 4th quarter valued at about $1,481,000. 76.34% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

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

Kelly Services Stock Down 2.2 %

Shares of Kelly Services stock traded down $0.30 during trading on Friday, reaching $13.29. The stock had a trading volume of 169,295 shares, compared to its average volume of 335,360. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $463.66 million, a price-to-earnings ratio of -221.46, a P/E/G ratio of 0.43 and a beta of 1.13. Kelly Services, Inc. has a 52 week low of $12.66 and a 52 week high of $25.02. The stock has a fifty day moving average price of $13.63 and a two-hundred day moving average price of $15.84.

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

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Wednesday, February 26th. Kelly Services's dividend payout ratio (DPR) is currently -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.