Kelly Services, Inc. (NASDAQ:KELYA) Holdings Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 32.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 513,742 shares of the business services provider's stock after selling 248,801 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.44% of Kelly Services worth $7,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in shares of Kelly Services by 367.1% in the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider's stock valued at $33,000 after acquiring an additional 1,883 shares in the last quarter. KBC Group NV increased its position in shares of Kelly Services by 109.1% during the 4th 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 stake in shares of Kelly Services by 49.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock worth $60,000 after buying an additional 1,406 shares in the last quarter. Palouse Capital Management Inc. lifted its holdings in shares of Kelly Services by 13.1% in the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock valued at $114,000 after buying an additional 950 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Kelly Services by 3,062.7% during 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 in the last quarter. Institutional investors own 76.34% of the company's stock.

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Kelly Services Price Performance

Kelly Services stock traded up $0.20 during mid-day trading on Thursday, hitting $13.59. The company's stock had a trading volume of 201,414 shares, compared to its average volume of 319,552. Kelly Services, Inc. has a twelve month low of $12.66 and a twelve month high of $25.16. The stock's fifty day moving average price is $13.65 and its two-hundred day moving average price is $15.94. The stock has a market capitalization of $474.13 million, a P/E ratio of -226.46, a P/E/G ratio of 0.43 and a beta of 1.13. 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 (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. 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 for the quarter, compared to analysts' expectations of $1.15 billion. Research analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's dividend payout ratio is presently -500.00%.

Analyst Ratings Changes

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

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.