Blair William & Co. IL Acquires 898 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Blair William & Co. IL increased its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,842 shares of the business services provider’s stock after acquiring an additional 898 shares during the period. Blair William & Co. IL’s holdings in Kelly Services were worth $169,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KELYA. Parallel Advisors LLC grew its stake in shares of Kelly Services by 5,012.7% in the 1st quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider’s stock worth $37,000 after acquiring an additional 2,757 shares in the last quarter. Palouse Capital Management Inc. boosted its holdings in Kelly Services by 33.6% during the first quarter. Palouse Capital Management Inc. now owns 10,944 shares of the business services provider’s stock worth $144,000 after purchasing an additional 2,750 shares during the last quarter. US Bancorp DE boosted its holdings in Kelly Services by 8.1% during the first quarter. US Bancorp DE now owns 11,074 shares of the business services provider’s stock worth $146,000 after purchasing an additional 833 shares during the last quarter. Cetera Investment Advisers bought a new stake in Kelly Services in the 4th quarter worth about $158,000. Finally, Federated Hermes Inc. increased its stake in Kelly Services by 9.6% in the 4th quarter. Federated Hermes Inc. now owns 12,240 shares of the business services provider’s stock valued at $171,000 after buying an additional 1,076 shares during the last quarter. Institutional investors own 76.34% of the company’s stock.

Kelly Services Price Performance

Shares of NASDAQ:KELYA opened at $14.55 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. The stock has a market cap of $507.65 million, a PE ratio of -72.75, a PEG ratio of 0.53 and a beta of 0.99. The company’s fifty day moving average is $12.40 and its 200 day moving average is $12.56. Kelly Services, Inc. has a 52 week low of $10.80 and a 52 week high of $22.44.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%. Research analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $0.30 annualized dividend and a yield of 2.1%. Kelly Services’s dividend payout ratio (DPR) is -150.00%.

Analyst Ratings Changes

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

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.