Mackenzie Financial Corp Has $945,000 Position in Kelly Services, Inc. (NASDAQ:KELYA)

Mackenzie Financial Corp lifted its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 10.7% during the fourth quarter, HoldingsChannel reports. The firm owned 43,691 shares of the business services provider’s stock after acquiring an additional 4,228 shares during the quarter. Mackenzie Financial Corp’s holdings in Kelly Services were worth $945,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Comerica Bank acquired a new stake in shares of Kelly Services during the third quarter worth about $10,485,000. Invesco Ltd. raised its position in Kelly Services by 3.6% in the 3rd quarter. Invesco Ltd. now owns 1,491,736 shares of the business services provider’s stock valued at $27,135,000 after buying an additional 51,283 shares during the last quarter. AQR Capital Management LLC raised its position in Kelly Services by 24.2% in the 3rd quarter. AQR Capital Management LLC now owns 325,937 shares of the business services provider’s stock valued at $5,929,000 after buying an additional 63,536 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in Kelly Services by 113.6% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 61,900 shares of the business services provider’s stock valued at $1,126,000 after buying an additional 32,915 shares during the last quarter. Finally, Caxton Associates LP raised its position in Kelly Services by 38.2% in the 3rd quarter. Caxton Associates LP now owns 23,731 shares of the business services provider’s stock valued at $432,000 after buying an additional 6,554 shares during the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Stock Performance

Shares of Kelly Services stock opened at $23.71 on Friday. The business’s 50 day simple moving average is $24.05 and its 200 day simple moving average is $21.60. Kelly Services, Inc. has a 52-week low of $15.53 and a 52-week high of $25.27. The firm has a market cap of $836.73 million, a PE ratio of 24.19, a P/E/G ratio of 1.03 and a beta of 1.18.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, February 15th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.38. Kelly Services had a return on equity of 6.50% and a net margin of 0.75%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $0.18 EPS. Kelly Services’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Tuesday, February 27th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Monday, February 26th. Kelly Services’s dividend payout ratio (DPR) is 30.61%.

Insiders Place Their Bets

In other Kelly Services 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 transaction, the senior vice president now owns 32,392 shares of the company’s stock, valued at approximately $809,152.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kelly Services 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 transaction, the senior vice president now owns 32,392 shares of the company’s stock, valued at approximately $809,152.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president now directly owns 174,793 shares in the company, valued at approximately $4,207,267.51. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

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.