UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 10,352 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Kelly Services, Inc. (NASDAQ:KELYA) by 14.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 82,329 shares of the business services provider’s stock after acquiring an additional 10,352 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Kelly Services worth $1,148,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of KELYA. KBC Group NV boosted its position in Kelly Services by 109.1% in the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock worth $54,000 after purchasing an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Kelly Services by 49.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock worth $60,000 after purchasing an additional 1,406 shares during the period. Palouse Capital Management Inc. boosted its holdings in shares of Kelly Services by 13.1% in the 4th quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock worth $114,000 after buying an additional 950 shares during the last quarter. Entropy Technologies LP bought a new position in Kelly Services during the fourth quarter valued at about $153,000. Finally, AXQ Capital LP bought a new position in Kelly Services during the fourth quarter valued at about $154,000. Institutional investors own 76.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen cut 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 issued a $25.00 target price on shares of Kelly Services in a research note on Tuesday, May 20th.

Kelly Services Price Performance

Shares of KELYA stock opened at $12.06 on Tuesday. 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 fifty-two week low of $10.80 and a fifty-two week high of $23.81. The firm has a market cap of $420.75 million, a P/E ratio of -200.97, a P/E/G ratio of 0.43 and a beta of 0.96. The business’s 50 day moving average price is $11.75 and its 200-day moving average price is $13.05.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.39 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $1.16 billion. On average, equities research analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.49%. Kelly Services’s dividend payout ratio (DPR) is presently -50.00%.

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.