New York State Teachers Retirement System Has $43,000 Stock Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

New York State Teachers Retirement System lowered its stake in Kelly Services, Inc. (NASDAQ:KELYA) by 94.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,102 shares of the business services provider’s stock after selling 53,280 shares during the quarter. New York State Teachers Retirement System’s holdings in Kelly Services were worth $43,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its stake in Kelly Services by 238.0% during the 3rd quarter. Barclays PLC now owns 63,638 shares of the business services provider’s stock worth $1,362,000 after buying an additional 44,811 shares during the period. Geode Capital Management LLC increased its holdings in shares of Kelly Services by 1.2% in the third quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock worth $16,739,000 after acquiring an additional 9,635 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Kelly Services by 1,730.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 234,057 shares of the business services provider’s stock worth $5,011,000 after purchasing an additional 221,271 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of Kelly Services during the 3rd quarter valued at about $2,122,000. Finally, Franklin Resources Inc. grew its position in shares of Kelly Services by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider’s stock valued at $456,000 after purchasing an additional 1,905 shares during the period. 76.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and set a $25.00 target price on shares of Kelly Services in a report on Tuesday, February 18th.

Kelly Services Price Performance

Shares of KELYA opened at $13.89 on Tuesday. The company has a 50 day moving average of $13.77 and a 200-day moving average of $17.02. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $484.59 million, a P/E ratio of -231.46, a P/E/G ratio of 0.43 and a beta of 1.11. Kelly Services, Inc. has a twelve month low of $12.68 and a twelve month high of $25.27.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.38. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. As a group, equities research analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a yield of 2.16%. Kelly Services’s payout ratio is -500.00%.

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.