Kelly Services, Inc. (NASDAQ:KELYA) Short Interest Update

Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 666,400 shares, a decline of 14.1% from the February 28th total of 776,200 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average trading volume of 558,100 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

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

Kelly Services Price Performance

Shares of KELYA traded down $0.69 during trading hours on Monday, reaching $11.56. The stock had a trading volume of 101,675 shares, compared to its average volume of 336,266. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. Kelly Services has a 12 month low of $10.59 and a 12 month high of $24.67. The stock has a market capitalization of $403.31 million, a PE ratio of -193.35, a PEG ratio of 0.43 and a beta of 1.03. The company's 50-day moving average is $13.48 and its two-hundred day moving average is $15.51.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.38. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Research analysts expect that Kelly Services will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services's payout ratio is currently -500.00%.

Institutional Trading of Kelly Services

Several institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kelly Services by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,786 shares of the business services provider's stock worth $248,000 after acquiring an additional 760 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Kelly Services by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider's stock valued at $521,000 after purchasing an additional 945 shares during the period. Palouse Capital Management Inc. grew its stake in shares of Kelly Services by 13.1% in the 4th quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider's stock valued at $114,000 after buying an additional 950 shares during the period. Federated Hermes Inc. increased its position in Kelly Services by 9.6% in the 4th quarter. Federated Hermes Inc. now owns 12,240 shares of the business services provider's stock valued at $171,000 after buying an additional 1,076 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Kelly Services by 49.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock worth $60,000 after buying an additional 1,406 shares during the period. Institutional investors own 76.34% of the company's stock.

About Kelly Services

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.