American Century Companies Inc. Acquires 86,560 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

American Century Companies Inc. raised its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 897,155 shares of the business services provider’s stock after purchasing an additional 86,560 shares during the period. American Century Companies Inc. owned 2.52% of Kelly Services worth $12,506,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KELYA. Boston Partners increased its position in Kelly Services by 49.0% during the 4th quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock valued at $26,450,000 after buying an additional 621,078 shares in the last quarter. State Street Corp grew its stake in shares of Kelly Services by 1.4% in the third quarter. State Street Corp now owns 1,253,704 shares of the business services provider’s stock worth $26,842,000 after acquiring an additional 17,579 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Kelly Services by 1.2% in the third quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock worth $16,739,000 after acquiring an additional 9,635 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Kelly Services by 20.6% during 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 acquiring an additional 56,457 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Kelly Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 206,267 shares of the business services provider’s stock worth $2,875,000 after purchasing an additional 9,984 shares during the last quarter. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Kelly Services Stock Performance

Shares of KELYA opened at $13.24 on Wednesday. The company has a market cap of $461.92 million, a price-to-earnings ratio of -220.63, a P/E/G ratio of 0.43 and a beta of 1.13. The business’s fifty day simple moving average is $13.59 and its two-hundred day simple moving average is $15.70. Kelly Services, Inc. has a 12 month low of $12.66 and a 12 month high of $24.74. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.44 by $0.38. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Research analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.30 annualized dividend and a dividend yield of 2.27%. Kelly Services’s payout ratio is -500.00%.

Analyst Upgrades and Downgrades

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

Kelly Services Company 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.