Robeco Institutional Asset Management B.V. Sells 53,579 Shares of Kelly Services, Inc. $KELYA

Robeco Institutional Asset Management B.V. reduced its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 50.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,313 shares of the business services provider’s stock after selling 53,579 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Kelly Services were worth $848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. USA Financial Formulas acquired a new position in Kelly Services during the 3rd quarter worth $41,000. Integrated Wealth Concepts LLC bought a new position in Kelly Services in the 2nd quarter valued at $45,000. GAMMA Investing LLC increased its stake in shares of Kelly Services by 19.9% in the 2nd quarter. GAMMA Investing LLC now owns 6,153 shares of the business services provider’s stock valued at $76,000 after buying an additional 1,023 shares during the period. Versant Capital Management Inc increased its stake in shares of Kelly Services by 47.0% in the 2nd quarter. Versant Capital Management Inc now owns 7,351 shares of the business services provider’s stock valued at $90,000 after buying an additional 2,351 shares during the period. Finally, Crescent Grove Advisors LLC bought a new stake in shares of Kelly Services during the first quarter worth $88,000. Institutional investors and hedge funds own 76.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Weiss Ratings raised Kelly Services from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 21st. Barrington Research raised their price target on Kelly Services from $15.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Wall Street Zen upgraded Kelly Services from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kelly Services presently has an average rating of “Hold” and an average target price of $20.00.

Kelly Services Stock Down 1.3%

Shares of NASDAQ:KELYA opened at $16.58 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $575.82 million, a price-to-earnings ratio of -2.12, a P/E/G ratio of 1.17 and a beta of 0.88. The company has a 50 day moving average of $16.30 and a 200-day moving average of $12.36. Kelly Services, Inc. has a one year low of $7.98 and a one year high of $17.75.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $0.52 earnings per share. On average, sell-side analysts forecast that Kelly Services, Inc. will post 1.10 earnings per share for the current year.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Kelly Services’s payout ratio is currently -3.84%.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting, and talent-management services to employers. The company helps organizations address temporary, contract, direct-hire, and outsourced workforce needs across a range of industries and skill levels.

Its offerings include professional and industrial staffing, office and administrative support, science and engineering talent, education staffing, contact-center solutions, and workforce outsourcing and consulting.