Los Angeles Capital Management LLC Has $1.40 Million Stock Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Los Angeles Capital Management LLC increased its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 2.4% in the 4th quarter, Holdings Channel reports. The fund owned 64,668 shares of the business services provider’s stock after purchasing an additional 1,520 shares during the period. Los Angeles Capital Management LLC’s holdings in Kelly Services were worth $1,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of KELYA. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kelly Services by 80.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,135 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 3,616 shares during the last quarter. EMC Capital Management increased its holdings in Kelly Services by 299.7% in the third quarter. EMC Capital Management now owns 9,504 shares of the business services provider’s stock worth $173,000 after buying an additional 7,126 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Kelly Services in the third quarter worth approximately $231,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Kelly Services by 32.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,233 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 3,481 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Kelly Services during the third quarter valued at about $337,000. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Kelly Services Stock Performance

Shares of KELYA stock opened at $23.48 on Wednesday. The company has a market capitalization of $828.59 million, a price-to-earnings ratio of 23.96, a PEG ratio of 1.02 and a beta of 1.19. The stock’s 50 day simple moving average is $24.04 and its 200 day simple moving average is $21.94. Kelly Services, Inc. has a twelve month low of $15.53 and a twelve month high of $25.27.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.38. Kelly Services had a net margin of 0.75% and a return on equity of 6.50%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $0.18 earnings per share. Kelly Services’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that Kelly Services, Inc. will post 1.78 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.28%. Kelly Services’s payout ratio is presently 30.61%.

Insider Buying and Selling

In other news, SVP Timothy L. Dupree sold 12,711 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $24.98, for a total value of $317,520.78. Following the completion of the sale, the senior vice president now directly owns 32,392 shares of the company’s stock, valued at $809,152.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Olivier Thirot sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $24.07, for a total transaction of $481,400.00. Following the completion of the transaction, the executive vice president now owns 174,793 shares in the company, valued at approximately $4,207,267.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Timothy L. Dupree sold 12,711 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $24.98, for a total transaction of $317,520.78. Following the transaction, the senior vice president now owns 32,392 shares in the company, valued at $809,152.16. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

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.