Kelly Services, Inc. (NASDAQ:KELYA) Shares Bought by Boston Partners

Boston Partners lifted its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 49.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,889,389 shares of the business services provider's stock after acquiring an additional 621,078 shares during the period. Boston Partners owned 5.31% of Kelly Services worth $26,450,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its stake in Kelly Services by 45.7% during the 3rd 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 stake in shares of Kelly Services during the fourth quarter worth approximately $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 position in Kelly Services by 20.6% in the 3rd 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 increased its stake in Kelly Services by 238.0% in the 3rd 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 period. 76.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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Kelly Services Price Performance

KELYA traded up $0.32 on Monday, hitting $13.49. 385,605 shares of the company were exchanged, compared to its average volume of 319,134. Kelly Services, Inc. has a fifty-two week low of $12.66 and a fifty-two week high of $25.16. 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 firm has a market capitalization of $470.64 million, a P/E ratio of -224.80, a price-to-earnings-growth ratio of 0.43 and a beta of 1.13. The business's fifty day moving average is $13.69 and its 200 day moving average is $16.05.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, sell-side analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Wednesday, February 26th. Kelly Services's dividend payout ratio is presently -500.00%.

About Kelly Services

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.