Kelly Services, Inc. (NASDAQ:KELYA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 47.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,147 shares of the business services provider’s stock after selling 46,640 shares during the quarter. Rhumbline Advisers owned 0.15% of Kelly Services worth $727,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Pacer Advisors Inc. boosted its position in Kelly Services by 45.7% during the third quarter. Pacer Advisors Inc. now owns 1,211,791 shares of the business services provider’s stock worth $25,944,000 after acquiring an additional 380,035 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Kelly Services during the 3rd quarter worth approximately $2,122,000. Jacobs Levy Equity Management Inc. grew its position in shares of Kelly Services by 20.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 329,932 shares of the business services provider’s stock valued at $7,064,000 after purchasing an additional 56,457 shares in the last quarter. Barclays PLC increased its holdings in shares of Kelly Services by 238.0% in the third quarter. Barclays PLC now owns 63,638 shares of the business services provider’s stock valued at $1,362,000 after purchasing an additional 44,811 shares during the last quarter. Finally, Martingale Asset Management L P lifted its position in Kelly Services by 87.4% during the third quarter. Martingale Asset Management L P now owns 92,286 shares of the business services provider’s stock worth $1,976,000 after buying an additional 43,033 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Kelly Services Price Performance

Shares of KELYA opened at $13.40 on Friday. The firm has a 50-day simple moving average of $13.80 and a two-hundred day simple moving average of $16.69. The stock has a market cap of $467.50 million, a PE ratio of -223.30, a P/E/G ratio of 0.43 and a beta of 1.13. Kelly Services, Inc. has a 1-year low of $12.66 and a 1-year high of $25.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.38. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, February 26th. Kelly Services’s dividend payout ratio (DPR) is -500.00%.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Kelly Services in a research report on Tuesday, February 18th.

Kelly Services Profile

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.