Kelly Services, Inc. (NASDAQ:KELYA) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 41.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,674 shares of the business services provider’s stock after selling 14,504 shares during the quarter. Alliancebernstein L.P.’s holdings in Kelly Services were worth $288,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KELYA. Boston Partners boosted its stake in shares of Kelly Services by 49.0% during the 4th quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock worth $26,450,000 after acquiring an additional 621,078 shares in the last quarter. State Street Corp grew its holdings in Kelly Services by 1.4% in the third quarter. State Street Corp now owns 1,253,704 shares of the business services provider’s stock valued at $26,842,000 after purchasing an additional 17,579 shares during the period. American Century Companies Inc. increased its position in shares of Kelly Services by 10.7% in the fourth quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider’s stock valued at $12,506,000 after buying an additional 86,560 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kelly Services by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock worth $16,739,000 after buying an additional 9,635 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Kelly Services by 5.1% during the 4th quarter. Empowered Funds LLC now owns 206,267 shares of the business services provider’s stock valued at $2,875,000 after buying an additional 9,984 shares in the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Kelly Services Trading Down 1.2 %

Shares of Kelly Services stock opened at $11.05 on Tuesday. Kelly Services, Inc. has a twelve month low of $10.80 and a twelve month high of $24.25. The firm’s 50-day moving average price is $12.88 and its 200 day moving average price is $14.68. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $385.51 million, a PE ratio of -184.14, a P/E/G ratio of 0.43 and a beta of 1.03.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.38. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, sell-side analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services’s dividend payout ratio (DPR) 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.