BNP Paribas Financial Markets Grows Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

BNP Paribas Financial Markets raised its position in Kelly Services, Inc. (NASDAQ:KELYA) by 604.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,553 shares of the business services provider’s stock after buying an additional 47,670 shares during the period. BNP Paribas Financial Markets owned approximately 0.16% of Kelly Services worth $774,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KELYA. Exchange Traded Concepts LLC boosted its holdings in Kelly Services by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider’s stock worth $521,000 after purchasing an additional 945 shares during the period. Palouse Capital Management Inc. boosted its stake in Kelly Services by 13.1% in the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 950 shares during the period. Federated Hermes Inc. grew its holdings in shares of Kelly Services by 9.6% during the fourth quarter. Federated Hermes Inc. now owns 12,240 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 1,076 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Kelly Services by 49.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 1,406 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Kelly Services by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 32,611 shares of the business services provider’s stock worth $455,000 after purchasing an additional 1,411 shares during the period. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KELYA has been the subject of several recent research reports. Wall Street Zen lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Tuesday. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Kelly Services in a report on Tuesday.

Kelly Services Trading Down 0.1%

NASDAQ:KELYA opened at $11.85 on Friday. The stock has a market cap of $413.42 million, a price-to-earnings ratio of -197.47, a PEG ratio of 0.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. Kelly Services, Inc. has a 1 year low of $10.80 and a 1 year high of $23.81. The business has a fifty day moving average of $12.14 and a 200-day moving average of $13.45.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.14). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. Equities analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.53%. Kelly Services’s dividend payout ratio is presently -50.00%.

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.