Kelly Services, Inc. (NASDAQ:KELYA) Shares Purchased by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC increased its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,855 shares of the business services provider’s stock after buying an additional 7,770 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.14% of Kelly Services worth $681,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KELYA. JPMorgan Chase & Co. raised its holdings in Kelly Services by 498.0% in the 4th quarter. JPMorgan Chase & Co. now owns 162,987 shares of the business services provider’s stock worth $2,272,000 after purchasing an additional 135,730 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Kelly Services in the fourth quarter valued at approximately $247,000. AXQ Capital LP acquired a new position in shares of Kelly Services during the 4th quarter worth approximately $154,000. American Century Companies Inc. increased its holdings in Kelly Services by 10.7% in the 4th quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider’s stock worth $12,506,000 after acquiring an additional 86,560 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Kelly Services during the fourth quarter worth $868,000. 76.34% of the stock is owned by hedge funds and other institutional investors.

Kelly Services Price Performance

Shares of Kelly Services stock opened at $13.39 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The business has a 50 day simple moving average of $13.65 and a two-hundred day simple moving average of $15.94. The stock has a market capitalization of $467.15 million, a P/E ratio of -223.13, a PEG ratio of 0.43 and a beta of 1.13. Kelly Services, Inc. has a 12 month low of $12.66 and a 12 month high of $25.16.

Kelly Services (NASDAQ:KELYA) last posted 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 firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a yield of 2.24%. Kelly Services’s payout ratio is presently -500.00%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated 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 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.