SG Americas Securities LLC Purchases New Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

SG Americas Securities LLC purchased a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,175 shares of the business services provider’s stock, valued at approximately $196,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KELYA. Northwestern Mutual Wealth Management Co. bought a new position in Kelly Services during the second quarter valued at $30,000. Innealta Capital LLC bought a new position in Kelly Services during the second quarter valued at $39,000. nVerses Capital LLC bought a new position in shares of Kelly Services in the second quarter worth $47,000. Meeder Asset Management Inc. bought a new position in shares of Kelly Services in the second quarter worth $51,000. Finally, Lazard Asset Management LLC bought a new position in shares of Kelly Services in the first quarter worth $177,000. 76.34% of the stock is owned by hedge funds and other institutional investors.

Kelly Services Price Performance

NASDAQ:KELYA opened at $19.69 on Wednesday. The firm has a market capitalization of $699.43 million, a price-to-earnings ratio of 14.17, a P/E/G ratio of 0.63 and a beta of 1.19. Kelly Services, Inc. has a 52-week low of $17.40 and a 52-week high of $25.27. The stock has a fifty day moving average of $20.68 and a 200 day moving average of $21.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.61 and a current ratio of 1.61.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.15. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Kelly Services had a return on equity of 7.82% and a net margin of 1.09%. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the company earned $0.36 earnings per share. On average, research analysts expect that Kelly Services, Inc. will post 2.49 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.52%. The ex-dividend date was Wednesday, August 21st. Kelly Services’s dividend payout ratio is 21.58%.

Analyst Ratings Changes

KELYA has been the subject of a number of analyst reports. StockNews.com lowered Kelly Services from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price target on shares of Kelly Services in a report on Friday, September 27th.

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.