Kelly Services, Inc. (NASDAQ:KELYA) Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYAFree Report) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,200 shares of the business services provider’s stock after selling 8,800 shares during the period. Swiss National Bank owned approximately 0.18% of Kelly Services worth $1,366,000 at the end of the most recent quarter.

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

Kelly Services Stock Down 0.4 %

Shares of NASDAQ:KELYA opened at $22.18 on Tuesday. The company has a market cap of $787.88 million, a P/E ratio of 15.96, a PEG ratio of 0.91 and a beta of 1.19. Kelly Services, Inc. has a 52 week low of $16.62 and a 52 week high of $25.27. The company has a 50-day moving average price of $23.64 and a 200 day moving average price of $22.32.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.30 dividend on an annualized basis and a yield of 1.35%. Kelly Services’s dividend payout ratio (DPR) is presently 21.58%.

Insider Buying and Selling at Kelly Services

In other Kelly Services news, EVP Olivier Thirot sold 20,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 174,793 shares of the company’s stock, valued at $4,207,267.51. The sale was disclosed in a filing with the SEC, which is available at this link. In other Kelly Services news, EVP Olivier Thirot sold 20,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 174,793 shares of the company’s stock, 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 stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $24.98, for a total transaction of $317,520.78. Following the completion of the transaction, the senior vice president now directly owns 32,392 shares of the company’s stock, valued at $809,152.16. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and issued a $29.00 price objective on shares of Kelly Services in a research report on Monday, May 13th.

View Our Latest Stock Analysis on Kelly Services

Kelly Services Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kelly Services (NASDAQ:KELYA)

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