O Shaughnessy Asset Management LLC Has $759,000 Stake in Kelly Services, Inc. (NASDAQ:KELYA)

O Shaughnessy Asset Management LLC lowered its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 37.2% in the fourth quarter, Holdings Channel reports. The firm owned 54,447 shares of the business services provider’s stock after selling 32,239 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Kelly Services were worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in shares of Kelly Services by 367.1% in the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock worth $33,000 after buying an additional 1,883 shares during the last quarter. KBC Group NV lifted its position in Kelly Services by 109.1% during the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock worth $54,000 after acquiring an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust lifted its position 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 acquiring an additional 1,406 shares during the last quarter. Palouse Capital Management Inc. boosted its holdings in Kelly Services by 13.1% during the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 950 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Kelly Services by 3,062.7% in the fourth quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider’s stock worth $130,000 after purchasing an additional 9,035 shares during the period. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Trading Down 3.1 %

Shares of KELYA stock opened at $11.46 on Wednesday. The firm has a market capitalization of $399.82 million, a P/E ratio of -190.97, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. Kelly Services, Inc. has a 1 year low of $11.35 and a 1 year high of $24.64. The firm’s fifty day simple moving average is $13.31 and its 200 day simple moving average is $15.35. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, sell-side analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Wednesday, February 26th. Kelly Services’s payout ratio is presently -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 research note 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.