292,839 Shares in Kelly Services, Inc. (NASDAQ:KELYA) Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC bought a new stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 292,839 shares of the business services provider's stock, valued at approximately $4,082,000. Kennedy Capital Management LLC owned approximately 0.82% of Kelly Services as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of Kelly Services by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider's stock valued at $33,000 after purchasing an additional 1,883 shares during the last quarter. KBC Group NV increased its stake in 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 buying an additional 2,028 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Kelly Services by 49.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock valued at $60,000 after acquiring an additional 1,406 shares in the last quarter. Palouse Capital Management Inc. increased its stake in shares of Kelly Services by 13.1% during the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock valued at $114,000 after acquiring an additional 950 shares during the period. Finally, GAMMA Investing LLC lifted its position in 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 during the period. 76.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Kelly Services Trading Down 0.9 %

NASDAQ KELYA traded down $0.10 on Friday, hitting $11.18. 333,398 shares of the stock were exchanged, compared to its average volume of 342,764. The company has a market capitalization of $390.05 million, a price-to-earnings ratio of -186.30, a P/E/G ratio of 0.43 and a beta of 1.03. Kelly Services, Inc. has a 52-week low of $11.00 and a 52-week high of $24.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The company's 50-day moving average price is $12.97 and its two-hundred day moving average price is $14.90.

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, beating analysts' consensus estimates of $0.44 by $0.38. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. Research analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.075 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a yield of 2.68%. Kelly Services's 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.