JPMorgan Chase & Co. Has $2.27 Million Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

JPMorgan Chase & Co. boosted its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 498.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,987 shares of the business services provider’s stock after purchasing an additional 135,730 shares during the period. JPMorgan Chase & Co.’s holdings in Kelly Services were worth $2,272,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in Kelly Services by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock worth $33,000 after purchasing an additional 1,883 shares during the period. KBC Group NV lifted its stake in shares of Kelly Services by 109.1% during the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock worth $54,000 after buying an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Kelly Services by 49.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock worth $60,000 after buying an additional 1,406 shares during the period. Palouse Capital Management Inc. grew its stake in Kelly Services by 13.1% in the 4th quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock valued at $114,000 after buying an additional 950 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Kelly Services by 3,062.7% in the 4th quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 9,035 shares during the period. 76.34% of the stock is currently owned by institutional investors.

Kelly Services Trading Up 0.4 %

KELYA opened at $11.34 on Thursday. The stock has a market capitalization of $395.63 million, a price-to-earnings ratio of -188.97, a P/E/G ratio of 0.43 and a beta of 1.03. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. Kelly Services, Inc. has a twelve month low of $10.80 and a twelve month high of $24.25. The company has a 50-day simple moving average of $12.77 and a 200 day simple moving average of $14.64.

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

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.65%. Kelly Services’s dividend payout ratio (DPR) is presently -500.00%.

Analyst Upgrades and Downgrades

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

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.