Prudential Financial Inc. Lowers Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

Prudential Financial Inc. cut its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,608 shares of the business services provider's stock after selling 45,709 shares during the quarter. Prudential Financial Inc. owned 0.22% of Kelly Services worth $1,082,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KELYA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kelly Services by 11.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,977 shares of the business services provider's stock valued at $1,541,000 after acquiring an additional 7,570 shares during the period. HighTower Advisors LLC bought a new stake in Kelly Services in the third quarter valued at $213,000. State Street Corp raised its holdings in shares of Kelly Services by 1.4% during 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 purchasing an additional 17,579 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Kelly Services by 8.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 29,723 shares of the business services provider's stock worth $636,000 after purchasing an additional 2,427 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Kelly Services by 238.0% in the 3rd quarter. Barclays PLC now owns 63,638 shares of the business services provider's stock valued at $1,362,000 after buying an additional 44,811 shares during the period. 76.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Kelly Services Stock Down 1.7 %

Shares of KELYA traded down $0.20 during trading hours on Friday, reaching $11.50. The stock had a trading volume of 254,385 shares, compared to its average volume of 340,187. The firm has a 50-day simple moving average of $13.14 and a 200 day simple moving average of $15.14. Kelly Services, Inc. has a 12 month low of $11.17 and a 12 month high of $24.25. 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 company has a market capitalization of $401.21 million, a price-to-earnings ratio of -191.63, a P/E/G ratio of 0.43 and a beta of 1.03.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.38. The firm had revenue of $1.19 billion for 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%. Equities research analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a yield of 2.61%. Kelly Services's dividend payout ratio (DPR) is currently -500.00%.

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.