Quantbot Technologies LP Takes Position in Kelly Services, Inc. (NASDAQ:KELYA)

Quantbot Technologies LP bought a new position in Kelly Services, Inc. (NASDAQ:KELYA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 62,231 shares of the business services provider’s stock, valued at approximately $868,000. Quantbot Technologies LP owned approximately 0.17% of Kelly Services as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Boston Partners raised its stake in shares of Kelly Services by 49.0% during the fourth quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock worth $26,450,000 after acquiring an additional 621,078 shares in the last quarter. State Street Corp raised its position 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 worth $26,842,000 after purchasing an additional 17,579 shares during the period. Geode Capital Management LLC lifted its stake in Kelly Services by 1.2% in the third quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock worth $16,739,000 after purchasing an additional 9,635 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Kelly Services by 20.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 329,932 shares of the business services provider’s stock valued at $7,064,000 after buying an additional 56,457 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Kelly Services by 5.1% during the fourth quarter. Empowered Funds LLC now owns 206,267 shares of the business services provider’s stock valued at $2,875,000 after buying an additional 9,984 shares during the last quarter. Institutional investors own 76.34% of the company’s stock.

Kelly Services Trading Up 1.6 %

Shares of KELYA opened at $13.39 on Thursday. The stock has a market capitalization of $467.15 million, a P/E ratio of -223.13, a PEG ratio of 0.43 and a beta of 1.13. Kelly Services, Inc. has a twelve month low of $12.66 and a twelve month high of $25.16. 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 firm has a fifty day simple moving average of $13.65 and a two-hundred day simple moving average of $15.94.

Kelly Services (NASDAQ:KELYA) last released 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. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. On average, research analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current 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 given a $0.075 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.30 annualized dividend and a dividend yield of 2.24%. Kelly Services’s dividend payout ratio is -500.00%.

Wall Street Analyst Weigh In

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

Kelly Services Company 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.