Barclays PLC Acquires 44,811 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Barclays PLC lifted its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 238.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,638 shares of the business services provider’s stock after buying an additional 44,811 shares during the quarter. Barclays PLC owned about 0.18% of Kelly Services worth $1,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in Kelly Services during the 2nd quarter worth about $30,000. Meeder Asset Management Inc. bought a new stake in Kelly Services in the 2nd quarter valued at $51,000. Quest Partners LLC acquired a new stake in Kelly Services in the 3rd quarter valued at approximately $158,000. SG Americas Securities LLC acquired a new stake in Kelly Services in the 3rd quarter valued at $196,000. Finally, Creative Planning bought a new stake in Kelly Services during the 3rd quarter worth about $203,000. Institutional investors and hedge funds own 76.34% of the company’s stock.

Insider Activity

In other Kelly Services news, SVP Daniel H. Malan purchased 3,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of $13.88 per share, for a total transaction of $48,580.00. Following the purchase, the senior vice president now owns 95,906 shares of the company’s stock, valued at $1,331,175.28. This trade represents a 3.79 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research cut their price objective on Kelly Services from $29.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, November 18th.

Kelly Services Trading Down 4.1 %

Shares of KELYA stock opened at $13.25 on Monday. The stock’s fifty day simple moving average is $14.65 and its 200 day simple moving average is $18.75. The firm has a market capitalization of $471.83 million, a P/E ratio of 11.52, a P/E/G ratio of 0.55 and a beta of 1.12. Kelly Services, Inc. has a twelve month low of $12.68 and a twelve month high of $25.27. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.07 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. As a group, sell-side analysts predict that Kelly Services, Inc. will post 1.93 EPS for the current fiscal year.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.26%. The ex-dividend date was Wednesday, November 20th. Kelly Services’s dividend payout ratio (DPR) is currently 26.09%.

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.