JPMorgan Chase & Co. Has $2.27 Million Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

JPMorgan Chase & Co. raised its position in Kelly Services, Inc. (NASDAQ:KELYA) by 498.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,987 shares of the business services provider’s stock after purchasing an additional 135,730 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.46% of Kelly Services worth $2,272,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KELYA. KLP Kapitalforvaltning AS acquired a new position in Kelly Services during the fourth quarter valued at approximately $247,000. AXQ Capital LP bought a new stake in shares of Kelly Services during the 4th quarter worth $154,000. American Century Companies Inc. grew its stake in Kelly Services by 10.7% in the 4th quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider’s stock valued at $12,506,000 after buying an additional 86,560 shares during the last quarter. Quantbot Technologies LP bought a new position in Kelly Services in the 4th quarter worth $868,000. Finally, Teacher Retirement System of Texas lifted its position in Kelly Services by 71.4% during the 4th quarter. Teacher Retirement System of Texas now owns 150,576 shares of the business services provider’s stock worth $2,099,000 after acquiring an additional 62,708 shares during the last quarter. 76.34% of the stock is owned by institutional investors and hedge funds.

Kelly Services Price Performance

Shares of KELYA stock opened at $11.34 on Thursday. The firm has a market cap of $395.63 million, a price-to-earnings ratio of -188.97, a P/E/G ratio of 0.43 and a beta of 1.03. The stock’s fifty day simple moving average is $12.77 and its 200 day simple moving average is $14.64. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $24.25. 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 posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.38. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. On average, analysts expect that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services’s payout ratio is -500.00%.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective 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.