Pacer Advisors Inc. lowered its position in shares of Kelly Services, Inc. (NASDAQ:KELYA – Free Report) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 831,756 shares of the business services provider’s stock after selling 45,153 shares during the period. Pacer Advisors Inc. owned about 2.34% of Kelly Services worth $17,808,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in KELYA. Innealta Capital LLC acquired a new position in Kelly Services during the second quarter worth approximately $39,000. nVerses Capital LLC purchased a new stake in Kelly Services in the 2nd quarter valued at $47,000. Meeder Asset Management Inc. purchased a new stake in Kelly Services in the 2nd quarter valued at $51,000. SG Americas Securities LLC purchased a new stake in Kelly Services in the 1st quarter valued at $125,000. Finally, Lazard Asset Management LLC acquired a new stake in Kelly Services during the 1st quarter worth $177,000. 76.34% of the stock is owned by institutional investors and hedge funds.
Kelly Services Stock Performance
Shares of KELYA opened at $21.18 on Monday. Kelly Services, Inc. has a 1 year low of $17.40 and a 1 year high of $25.27. The stock has a market capitalization of $752.36 million, a P/E ratio of 15.24, a P/E/G ratio of 0.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.61 and a current ratio of 1.61. The company’s fifty day moving average is $21.23 and its two-hundred day moving average is $22.28.
Kelly Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.42%. Kelly Services’s dividend payout ratio (DPR) is presently 21.58%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price objective on shares of Kelly Services in a research report on Thursday, August 15th.
Check Out Our Latest Stock Report on Kelly Services
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.
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