LSV Asset Management Decreases Stock Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

LSV Asset Management lowered its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 521,629 shares of the business services provider’s stock after selling 62,800 shares during the period. LSV Asset Management owned about 1.46% of Kelly Services worth $7,272,000 as of its most recent SEC filing.

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

Kelly Services Trading Down 1.7 %

NASDAQ:KELYA opened at $11.50 on Monday. Kelly Services, Inc. has a 1 year low of $11.17 and a 1 year high of $24.25. The stock’s fifty day moving average price is $13.14 and its two-hundred day moving average price is $15.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market cap of $401.21 million, a P/E ratio of -191.63, a P/E/G ratio of 0.43 and a beta of 1.03.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, analysts expect 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 given 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 2.61%. Kelly Services’s dividend payout ratio (DPR) is currently -500.00%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Kelly Services in a research note 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.