New York State Teachers Retirement System Cuts Position in Kelly Services, Inc. (NASDAQ:KELYA)

New York State Teachers Retirement System decreased its position in Kelly Services, Inc. (NASDAQ:KELYA) by 4.0% in the 4th quarter, Holdings Channel reports. The fund owned 55,880 shares of the business services provider’s stock after selling 2,304 shares during the period. New York State Teachers Retirement System’s holdings in Kelly Services were worth $1,208,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Comerica Bank acquired a new stake in Kelly Services in the third quarter valued at approximately $10,485,000. Invesco Ltd. grew its position in shares of Kelly Services by 3.6% during the third quarter. Invesco Ltd. now owns 1,491,736 shares of the business services provider’s stock worth $27,135,000 after buying an additional 51,283 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Kelly Services by 24.2% during the third quarter. AQR Capital Management LLC now owns 325,937 shares of the business services provider’s stock worth $5,929,000 after buying an additional 63,536 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of Kelly Services by 113.6% during the third quarter. Campbell & CO Investment Adviser LLC now owns 61,900 shares of the business services provider’s stock worth $1,126,000 after buying an additional 32,915 shares in the last quarter. Finally, Caxton Associates LP grew its position in shares of Kelly Services by 38.2% during the third quarter. Caxton Associates LP now owns 23,731 shares of the business services provider’s stock worth $432,000 after buying an additional 6,554 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.

Insider Transactions at Kelly Services

In related news, SVP Timothy L. Dupree sold 12,711 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.98, for a total transaction of $317,520.78. Following the transaction, the senior vice president now directly owns 32,392 shares in the company, valued at $809,152.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kelly Services news, SVP Timothy L. Dupree sold 12,711 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.98, for a total value of $317,520.78. Following the sale, the senior vice president now directly owns 32,392 shares in the company, valued at $809,152.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Olivier Thirot sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $24.07, for a total value of $481,400.00. Following the completion of the sale, the executive vice president now owns 174,793 shares in the company, valued at $4,207,267.51. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Kelly Services Trading Up 0.4 %

KELYA stock opened at $23.19 on Thursday. Kelly Services, Inc. has a twelve month low of $15.53 and a twelve month high of $25.27. The company has a market capitalization of $818.38 million, a P/E ratio of 23.66, a PEG ratio of 1.00 and a beta of 1.18. The firm has a 50 day simple moving average of $23.80 and a 200-day simple moving average of $21.42.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.38. Kelly Services had a net margin of 0.75% and a return on equity of 6.50%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.18 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts predict that Kelly Services, Inc. will post 1.78 EPS for the current year.

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, February 26th. Kelly Services’s payout ratio is currently 30.61%.

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.