Teacher Retirement System of Texas Has $2.10 Million Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Teacher Retirement System of Texas raised its stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 71.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 150,576 shares of the business services provider's stock after buying an additional 62,708 shares during the quarter. Teacher Retirement System of Texas owned 0.42% of Kelly Services worth $2,099,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners boosted its holdings in Kelly Services by 49.0% in the fourth quarter. Boston Partners now owns 1,889,389 shares of the business services provider's stock worth $26,450,000 after purchasing an additional 621,078 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Kelly Services in the fourth quarter worth about $407,000. Brandes Investment Partners LP boosted its position in Kelly Services by 11.5% during the fourth quarter. Brandes Investment Partners LP now owns 36,617 shares of the business services provider's stock worth $510,000 after purchasing an additional 3,779 shares during the period. Aigen Investment Management LP acquired a new position in Kelly Services in the 4th quarter valued at $288,000. Finally, Proficio Capital Partners LLC bought a new position in Kelly Services in the 4th quarter worth $201,000. Hedge funds and other institutional investors own 76.34% of the company's stock.

Kelly Services Stock Performance

KELYA traded down $0.12 during trading on Monday, reaching $13.17. 200,747 shares of the company's stock were exchanged, compared to its average volume of 334,824. The company has a market capitalization of $459.47 million, a P/E ratio of -219.46, a PEG ratio of 0.43 and a beta of 1.13. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $13.61 and a 200 day moving average price of $15.75. Kelly Services, Inc. has a fifty-two week low of $12.66 and a fifty-two week high of $25.02.

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

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.075 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.28%. Kelly Services's payout ratio is presently -500.00%.

Analyst Upgrades and Downgrades

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

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.