LSV Asset Management Decreases Stake in Kelly Services, Inc. (NASDAQ:KELYA)

LSV Asset Management decreased its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 521,629 shares of the business services provider's stock after selling 62,800 shares during the period. LSV Asset Management owned approximately 1.46% of Kelly Services worth $7,272,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Boston Partners raised its stake 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 worth $26,450,000 after purchasing an additional 621,078 shares during the period. State Street Corp lifted 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 valued at $26,842,000 after acquiring an additional 17,579 shares during the last quarter. American Century Companies Inc. increased its stake 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 worth $12,506,000 after acquiring an additional 86,560 shares during the last quarter. Geode Capital Management LLC raised its position in Kelly Services by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider's stock valued at $11,031,000 after purchasing an additional 9,464 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Kelly Services during the 4th quarter worth $5,343,000. 76.34% of the stock is owned by hedge funds and other institutional investors.

Kelly Services Trading Down 0.9 %

Shares of KELYA traded down $0.10 during midday trading 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 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 cap of $390.05 million, a P/E 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 stock has a fifty day simple moving average of $12.97 and a 200 day simple moving average of $14.90.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued 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. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.15 billion. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. On average, research analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's payout ratio is currently -500.00%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed 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 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.