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Sanctuary Advisors LLC Takes $508,000 Position in Kelly Services, Inc. (NASDAQ:KELYA)

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Sanctuary Advisors LLC purchased a new stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,811 shares of the business services provider's stock, valued at approximately $508,000. Sanctuary Advisors LLC owned approximately 0.10% of Kelly Services as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Barclays PLC grew its position in shares of Kelly Services by 238.0% during the 3rd quarter. Barclays PLC now owns 63,638 shares of the business services provider's stock worth $1,362,000 after purchasing an additional 44,811 shares in the last quarter. Geode Capital Management LLC grew its position in Kelly Services by 1.2% during the third quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider's stock worth $16,739,000 after buying an additional 9,635 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Kelly Services during the 3rd quarter worth $2,122,000. Franklin Resources Inc. increased its stake in Kelly Services by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider's stock worth $456,000 after acquiring an additional 1,905 shares during the period. Finally, State Street Corp raised its holdings in Kelly Services by 1.4% in the 3rd 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 in the last quarter. 76.34% of the stock is owned by institutional investors.

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Kelly Services Price Performance

Shares of NASDAQ KELYA traded up $0.05 during mid-day trading on Wednesday, hitting $12.99. 266,456 shares of the stock traded hands, compared to its average volume of 338,630. The company has a market cap of $453.20 million, a PE ratio of -216.46, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11. 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 has a 50 day simple moving average of $13.80 and a two-hundred day simple moving average of $16.74. Kelly Services, Inc. has a twelve month low of $12.66 and a twelve month high of $25.27.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.38. The firm had revenue of $1.19 billion during 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%. As a group, equities research analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.075 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.31%. Kelly Services's dividend payout ratio (DPR) is currently -500.00%.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on KELYA

About Kelly Services

(Free Report)

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.

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Institutional Ownership by Quarter for Kelly Services (NASDAQ:KELYA)

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