XTX Topco Ltd Makes New Investment in Kelly Services, Inc. (NASDAQ:KELYA)

XTX Topco Ltd bought a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,959 shares of the business services provider’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its holdings in Kelly Services by 6.8% during the second quarter. Federated Hermes Inc. now owns 10,454 shares of the business services provider’s stock worth $224,000 after buying an additional 668 shares during the last quarter. Bailard Inc. raised its position in shares of Kelly Services by 6.9% during the second quarter. Bailard Inc. now owns 10,874 shares of the business services provider’s stock worth $233,000 after purchasing an additional 700 shares during the period. Innealta Capital LLC acquired a new stake in shares of Kelly Services during the second quarter worth about $39,000. nVerses Capital LLC acquired a new stake in shares of Kelly Services during the second quarter worth about $47,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Kelly Services during the second quarter worth about $51,000. Institutional investors own 76.34% of the company’s stock.

Analyst Upgrades and Downgrades

KELYA has been the topic of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price target on shares of Kelly Services in a research report on Friday. StockNews.com lowered Kelly Services from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.

Kelly Services Stock Up 0.6 %

Shares of Kelly Services stock opened at $21.12 on Friday. The business’s 50 day simple moving average is $21.11 and its 200 day simple moving average is $22.19. Kelly Services, Inc. has a 52-week low of $17.40 and a 52-week high of $25.27. The firm has a market cap of $750.22 million, a PE ratio of 15.19, a P/E/G ratio of 0.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.61 and a current ratio of 1.61.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, August 8th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.15. Kelly Services had a return on equity of 7.82% and a net margin of 1.09%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm earned $0.36 EPS. Kelly Services’s revenue for the quarter was down 13.1% compared to the same quarter last year. On average, analysts predict that Kelly Services, Inc. will post 2.49 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Wednesday, August 21st. Kelly Services’s dividend payout ratio is presently 21.58%.

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.