Victory Capital Management Inc. Acquires 1,411 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Victory Capital Management Inc. lifted its position in Kelly Services, Inc. (NASDAQ:KELYA) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,611 shares of the business services provider’s stock after purchasing an additional 1,411 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Kelly Services worth $455,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of Kelly Services by 238.0% in the third quarter. Barclays PLC now owns 63,638 shares of the business services provider’s stock worth $1,362,000 after purchasing an additional 44,811 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kelly Services by 1.2% in the third quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock worth $16,739,000 after purchasing an additional 9,635 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in Kelly Services in the third quarter worth about $2,122,000. Franklin Resources Inc. grew its position in Kelly Services by 9.3% in the third quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider’s stock worth $456,000 after acquiring an additional 1,905 shares in the last quarter. Finally, State Street Corp grew its position in Kelly Services by 1.4% in the third quarter. State Street Corp now owns 1,253,704 shares of the business services provider’s stock worth $26,842,000 after acquiring an additional 17,579 shares in the last quarter. 76.34% of the stock is owned by institutional investors.

Kelly Services Stock Down 3.6 %

Shares of NASDAQ:KELYA opened at $13.17 on Friday. Kelly Services, Inc. has a 1 year low of $12.66 and a 1 year high of $25.16. The business has a 50 day simple moving average of $13.69 and a two-hundred day simple moving average of $16.09. The firm has a market capitalization of $459.47 million, a PE ratio of -219.46, a price-to-earnings-growth ratio of 0.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.38. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, equities analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.30 annualized dividend and a dividend yield of 2.28%. Kelly Services’s dividend payout ratio (DPR) is presently -500.00%.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Kelly Services in a research report on Tuesday, February 18th.

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.