O Shaughnessy Asset Management LLC Has $759,000 Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

O Shaughnessy Asset Management LLC reduced its position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 37.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,447 shares of the business services provider's stock after selling 32,239 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.15% of Kelly Services worth $759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Boston Partners boosted its position in Kelly Services by 49.0% during the fourth quarter. Boston Partners now owns 1,889,389 shares of the business services provider's stock valued at $26,450,000 after purchasing an additional 621,078 shares during the last quarter. State Street Corp increased its holdings in 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 buying an additional 17,579 shares during the last quarter. American Century Companies Inc. raised its position in Kelly Services by 10.7% during the fourth quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider's stock valued at $12,506,000 after acquiring an additional 86,560 shares in the last quarter. Geode Capital Management LLC lifted its stake in Kelly Services by 1.2% in the third quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider's stock valued at $16,739,000 after acquiring an additional 9,635 shares during the last quarter. Finally, Empowered Funds LLC grew 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 acquiring an additional 9,984 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company's stock.

Kelly Services Stock Performance

KELYA stock traded up $0.02 during mid-day trading on Monday, reaching $11.52. 4,927 shares of the stock traded hands, compared to its average volume of 321,499. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $13.14 and a two-hundred day moving average of $15.10. The firm has a market capitalization of $401.94 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 52 week low of $11.16 and a 52 week high of $24.25.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 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 company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. As a group, equities analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's payout ratio is -500.00%.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Kelly Services in a research note 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.