Thrivent Financial for Lutherans lessened its holdings in Kelly Services, Inc. (NASDAQ:KELYA – Free Report) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,790 shares of the business services provider’s stock after selling 990 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Kelly Services worth $574,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Innealta Capital LLC purchased a new position in Kelly Services in the 2nd quarter worth approximately $39,000. nVerses Capital LLC acquired a new stake in Kelly Services during the 2nd quarter valued at $47,000. Meeder Asset Management Inc. purchased a new stake in Kelly Services during the 2nd quarter worth $51,000. SG Americas Securities LLC acquired a new position in Kelly Services in the 1st quarter worth $125,000. Finally, Lazard Asset Management LLC purchased a new position in Kelly Services in the 1st quarter valued at about $177,000. Institutional investors and hedge funds own 76.34% of the company’s stock.
Kelly Services Stock Down 0.4 %
Kelly Services stock opened at $20.38 on Wednesday. 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, Inc. has a one year low of $17.40 and a one year high of $25.27. The company has a 50-day simple moving average of $20.81 and a 200-day simple moving average of $22.00. The firm has a market capitalization of $723.94 million, a P/E ratio of 14.66, a P/E/G ratio of 0.65 and a beta of 1.19.
Kelly Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Wednesday, August 21st. Kelly Services’s dividend payout ratio (DPR) is presently 21.58%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on KELYA shares. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Kelly Services in a research report on Friday, September 27th. StockNews.com cut shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Friday, August 9th.
Check Out Our Latest Stock Report on KELYA
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.
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