Allspring Global Investments Holdings LLC Has $489,000 Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

Allspring Global Investments Holdings LLC lifted its stake in Kelly Services, Inc. (NASDAQ:KELYA) by 58.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,598 shares of the business services provider’s stock after acquiring an additional 8,365 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Kelly Services were worth $489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KELYA. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kelly Services by 80.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,135 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 3,616 shares during the last quarter. EMC Capital Management increased its position in Kelly Services by 299.7% during the third quarter. EMC Capital Management now owns 9,504 shares of the business services provider’s stock worth $173,000 after buying an additional 7,126 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Kelly Services during the third quarter worth approximately $231,000. Denali Advisors LLC acquired a new position in Kelly Services during the third quarter worth approximately $271,000. Finally, SG Americas Securities LLC acquired a new position in Kelly Services during the third quarter worth approximately $337,000. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Stock Down 2.1 %

Shares of NASDAQ KELYA opened at $23.71 on Friday. The business’s 50 day moving average price is $24.05 and its two-hundred day moving average price is $21.60. The company has a market cap of $836.73 million, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.18. Kelly Services, Inc. has a twelve month low of $15.53 and a twelve month high of $25.27.

Kelly Services (NASDAQ:KELYA) last announced 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. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. Kelly Services had a return on equity of 6.50% and a net margin of 0.75%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. As a group, research analysts anticipate that Kelly Services, Inc. will post 1.78 EPS for the current fiscal year.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, February 26th. Kelly Services’s dividend payout ratio is presently 30.61%.

Insider Transactions at Kelly Services

In other news, SVP Timothy L. Dupree sold 12,711 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 32,392 shares in the company, valued at $809,152.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Olivier Thirot sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was 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 directly owns 174,793 shares in the company, valued at $4,207,267.51. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Timothy L. Dupree sold 12,711 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $24.98, for a total value of $317,520.78. Following the completion of the sale, the senior vice president now owns 32,392 shares of the company’s stock, valued at $809,152.16. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

About Kelly Services

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.