Kelly Services, Inc. (NASDAQ:KELYA) Shares Purchased by Palouse Capital Management Inc.

Palouse Capital Management Inc. increased its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 13.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,194 shares of the business services provider’s stock after buying an additional 950 shares during the period. Palouse Capital Management Inc.’s holdings in Kelly Services were worth $114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in KELYA. SG Americas Securities LLC bought a new stake in Kelly Services during the third quarter worth approximately $196,000. Creative Planning purchased a new stake in Kelly Services in the 3rd quarter worth approximately $203,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Kelly Services by 1,730.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 234,057 shares of the business services provider’s stock valued at $5,011,000 after purchasing an additional 221,271 shares in the last quarter. US Bancorp DE raised its holdings in shares of Kelly Services by 9.3% during the 3rd quarter. US Bancorp DE now owns 10,135 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 866 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new position in shares of Kelly Services during the 3rd quarter valued at $243,000. Institutional investors and hedge funds own 76.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Kelly Services in a research note on Wednesday.

Kelly Services Trading Down 0.8 %

Shares of KELYA stock opened at $14.14 on Friday. Kelly Services, Inc. has a 12-month low of $12.68 and a 12-month high of $25.27. The company has a market capitalization of $503.53 million, a P/E ratio of 12.30, a P/E/G ratio of 0.40 and a beta of 1.11. The firm has a 50-day moving average price of $13.81 and a 200 day moving average price of $17.37. 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 posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.38. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. Research analysts forecast that Kelly Services, Inc. will post 1.93 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Wednesday, February 26th. Kelly Services’s dividend payout ratio (DPR) is presently 26.09%.

Insider Transactions at Kelly Services

In related news, SVP Daniel H. Malan acquired 3,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average cost of $13.88 per share, with a total value of $48,580.00. Following the completion of the transaction, the senior vice president now directly owns 95,906 shares of the company’s stock, valued at $1,331,175.28. This trade represents a 3.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.90% of the stock is currently owned by insiders.

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.