Y Intercept Hong Kong Ltd Acquires New Stake in Kelly Services, Inc. (NASDAQ:KELYA)

Y Intercept Hong Kong Ltd bought a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 106,260 shares of the business services provider's stock, valued at approximately $1,481,000. Y Intercept Hong Kong Ltd owned 0.30% of Kelly Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Creative Planning bought a new stake in shares of Kelly Services during the third quarter valued at approximately $203,000. US Bancorp DE boosted its position in shares of Kelly Services by 9.3% during the third quarter. US Bancorp DE now owns 10,135 shares of the business services provider's stock valued at $217,000 after purchasing an additional 866 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Kelly Services during the third quarter valued at approximately $243,000. Empowered Funds LLC boosted its position in shares of Kelly Services by 5.3% during the third quarter. Empowered Funds LLC now owns 196,283 shares of the business services provider's stock valued at $4,202,000 after purchasing an additional 9,916 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Kelly Services during the third quarter valued at approximately $158,000. 76.34% of the stock is owned by hedge funds and other institutional investors.

Kelly Services Stock Up 0.4 %

Kelly Services stock traded up $0.06 during mid-day trading on Friday, hitting $13.47. The company had a trading volume of 484,021 shares, compared to its average volume of 343,377. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The stock's 50 day moving average price is $13.80 and its two-hundred day moving average price is $16.89. Kelly Services, Inc. has a 12 month low of $12.68 and a 12 month high of $25.27. The company has a market capitalization of $469.94 million, a PE ratio of -224.46, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11.

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Kelly Services (NASDAQ:KELYA - Get Free Report) last released its earnings results 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. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, sell-side analysts anticipate 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 will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, February 26th. Kelly Services's dividend payout ratio (DPR) is -500.00%.

Analysts Set New Price Targets

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

Kelly Services 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.