Quantbot Technologies LP Acquires Shares of 62,231 Kelly Services, Inc. (NASDAQ:KELYA)

Quantbot Technologies LP bought a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 62,231 shares of the business services provider's stock, valued at approximately $868,000. Quantbot Technologies LP owned about 0.17% of Kelly Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of KELYA. Boston Partners raised its holdings in shares of Kelly Services by 49.0% during the 4th quarter. Boston Partners now owns 1,889,389 shares of the business services provider's stock worth $26,450,000 after acquiring an additional 621,078 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Kelly Services in the fourth quarter worth $1,481,000. Teacher Retirement System of Texas increased its position in Kelly Services by 71.4% in the fourth quarter. Teacher Retirement System of Texas now owns 150,576 shares of the business services provider's stock worth $2,099,000 after purchasing an additional 62,708 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Kelly Services by 20.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 329,932 shares of the business services provider's stock valued at $7,064,000 after purchasing an additional 56,457 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 worth $1,362,000 after buying an additional 44,811 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors.

Kelly Services Trading Down 2.2 %

Shares of Kelly Services stock traded down $0.30 on Friday, reaching $13.29. The company had a trading volume of 169,295 shares, compared to its average volume of 335,360. The firm has a market cap of $463.66 million, a price-to-earnings ratio of -221.46, a P/E/G ratio of 0.43 and a beta of 1.13. 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 firm's 50-day moving average price is $13.63 and its two-hundred day moving average price is $15.81. Kelly Services, Inc. has a 1 year low of $12.66 and a 1 year high of $25.02.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate 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 negative net margin of 0.01% and a positive return on equity of 6.56%. As a group, research analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's payout ratio is currently -500.00%.

Analyst Upgrades and Downgrades

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

Kelly Services Company 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.