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.
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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