Cetera Investment Advisers Takes $158,000 Position in Kelly Services, Inc. (NASDAQ:KELYA)

Cetera Investment Advisers purchased a new stake in Kelly Services, Inc. (NASDAQ:KELYA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,370 shares of the business services provider’s stock, valued at approximately $158,000.

A number of other institutional investors also recently modified their holdings of the company. Boston Partners grew its stake in shares of Kelly Services by 49.0% in the fourth quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock worth $26,450,000 after acquiring an additional 621,078 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Kelly Services by 2,489.0% in the fourth quarter. Jane Street Group LLC now owns 603,057 shares of the business services provider’s stock worth $8,407,000 after acquiring an additional 579,764 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Kelly Services in the fourth quarter worth $5,343,000. Kennedy Capital Management LLC acquired a new stake in shares of Kelly Services in the fourth quarter worth $4,082,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Kelly Services by 498.0% in the fourth quarter. JPMorgan Chase & Co. now owns 162,987 shares of the business services provider’s stock worth $2,272,000 after acquiring an additional 135,730 shares during the last quarter. Institutional investors own 76.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KELYA shares. Wall Street Zen downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of Kelly Services in a research note on Tuesday, May 20th.

Kelly Services Stock Down 0.1%

KELYA opened at $11.72 on Monday. Kelly Services, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $23.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The firm’s fifty day moving average price is $11.94 and its two-hundred day moving average price is $13.15. The company has a market capitalization of $408.89 million, a P/E ratio of -195.30, a P/E/G ratio of 0.43 and a beta of 0.96.

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

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Monday, May 19th. Kelly Services’s dividend payout ratio is currently -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.