Universal Beteiligungs und Servicegesellschaft mbH Decreases Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 4.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 116,997 shares of the business services provider’s stock after selling 5,808 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.34% of Kelly Services worth $1,541,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KELYA. Millennium Management LLC raised its stake in shares of Kelly Services by 2,251.9% during the fourth quarter. Millennium Management LLC now owns 1,095,238 shares of the business services provider’s stock valued at $15,268,000 after acquiring an additional 1,048,670 shares during the last quarter. Jane Street Group LLC increased its holdings in Kelly Services by 2,489.0% during the 4th quarter. Jane Street Group LLC now owns 603,057 shares of the business services provider’s stock valued at $8,407,000 after purchasing an additional 579,764 shares during the period. Renaissance Technologies LLC bought a new position in Kelly Services during the 4th quarter valued at approximately $5,343,000. D. E. Shaw & Co. Inc. raised its position in Kelly Services by 567.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 350,849 shares of the business services provider’s stock valued at $4,891,000 after purchasing an additional 298,310 shares during the last quarter. Finally, Kennedy Capital Management LLC purchased a new stake in Kelly Services in the 4th quarter worth approximately $4,082,000. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Analyst Upgrades and Downgrades

KELYA has been the topic of several recent analyst reports. Wall Street Zen cut shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Tuesday, May 20th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Kelly Services in a research note on Tuesday, May 20th.

Kelly Services Trading Down 1.9%

Shares of NASDAQ:KELYA opened at $12.25 on Friday. Kelly Services, Inc. has a 1 year low of $10.80 and a 1 year high of $23.81. The stock’s fifty day moving average price is $12.14 and its 200-day moving average price is $12.63. The company has a market cap of $427.40 million, a P/E ratio of -20.42, a PEG ratio of 0.45 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, May 8th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.14). Kelly Services had a positive return on equity of 6.13% and a negative net margin of 0.46%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Sell-side analysts expect that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were given a dividend of $0.075 per share. The ex-dividend date was Monday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 2.4%. Kelly Services’s dividend payout ratio (DPR) is currently -50.00%.

About Kelly Services

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.