Quantbot Technologies LP Takes Position in Kelly Services, Inc. (NASDAQ:KELYA)

Quantbot Technologies LP purchased a new position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 62,231 shares of the business services provider's stock, valued at approximately $868,000. Quantbot Technologies LP owned 0.17% of Kelly Services at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Kelly Services in the third quarter worth about $158,000. Intech Investment Management LLC purchased a new position in shares of Kelly Services during the 3rd quarter valued at $908,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kelly Services by 11.8% in the third 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 worth $1,541,000 after purchasing an additional 7,570 shares during the period. Martingale Asset Management L P raised its position in shares of Kelly Services by 87.4% in the third quarter. Martingale Asset Management L P now owns 92,286 shares of the business services provider's stock worth $1,976,000 after buying an additional 43,033 shares in the last quarter. Finally, ClearAlpha Technologies LP grew its position in Kelly Services by 14.9% during the third quarter. ClearAlpha Technologies LP now owns 18,917 shares of the business services provider's stock worth $405,000 after buying an additional 2,458 shares in the last quarter. Hedge funds and other institutional investors own 76.34% of the company's stock.

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Analysts Set New Price Targets

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

Kelly Services Price Performance

Shares of Kelly Services stock traded down $0.30 on Friday, hitting $13.29. 169,295 shares of the company traded hands, compared to its average volume of 335,360. 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 cap of $463.66 million, a P/E ratio of -221.46, a P/E/G ratio of 0.43 and a beta of 1.13. The firm's 50-day simple moving average is $13.63 and its 200 day simple moving average is $15.84. Kelly Services, Inc. has a 12-month low of $12.66 and a 12-month high of $25.02.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its earnings results 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 company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. Analysts expect that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Wednesday, February 26th. Kelly Services's dividend payout ratio (DPR) is presently -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.