Kelly Services, Inc. (NASDAQ:KELYA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 47.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,147 shares of the business services provider's stock after selling 46,640 shares during the period. Rhumbline Advisers owned approximately 0.15% of Kelly Services worth $727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 worth $33,000 after buying an additional 1,883 shares during the last quarter. KBC Group NV lifted its position in Kelly Services by 109.1% during 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 in the last quarter. Quest Partners LLC bought a new position in shares of Kelly Services in the third quarter worth about $158,000. GAMMA Investing LLC increased its stake in shares of Kelly Services by 3,062.7% in the fourth quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider's stock worth $130,000 after purchasing an additional 9,035 shares in the last quarter. Finally, Creative Planning purchased a new stake in Kelly Services during the 3rd quarter valued at approximately $203,000. 76.34% of the stock is currently owned by institutional investors.

Kelly Services Stock Down 0.4 %

Shares of NASDAQ:KELYA traded down $0.05 on Tuesday, reaching $13.24. The company had a trading volume of 275,122 shares, compared to its average volume of 335,347. 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 firm has a market capitalization of $461.92 million, a PE ratio of -220.63, a PEG 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 $25.16. The firm's 50 day simple moving average is $13.80 and its 200-day simple moving average is $16.54.

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

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, February 26th. Kelly Services's payout ratio is -500.00%.

Analyst Upgrades and Downgrades

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

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.