Crossmark Global Holdings Inc. lowered its stake in Kelly Services, Inc. (NASDAQ:KELYA) by 10.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,250 shares of the business services provider’s stock after selling 2,150 shares during the period. Crossmark Global Holdings Inc.’s holdings in Kelly Services were worth $525,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. American Century Companies Inc. acquired a new stake in Kelly Services in the fourth quarter valued at approximately $788,000. Aperio Group LLC boosted its position in Kelly Services by 3.2% in the fourth quarter. Aperio Group LLC now owns 176,658 shares of the business services provider’s stock valued at $4,817,000 after buying an additional 5,545 shares in the last quarter. LSV Asset Management boosted its position in Kelly Services by 0.4% in the fourth quarter. LSV Asset Management now owns 1,012,761 shares of the business services provider’s stock valued at $27,617,000 after buying an additional 3,900 shares in the last quarter. Bessemer Group Inc. boosted its position in Kelly Services by 40.6% in the fourth quarter. Bessemer Group Inc. now owns 34,300 shares of the business services provider’s stock valued at $935,000 after buying an additional 9,900 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Kelly Services in the fourth quarter valued at approximately $1,158,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.
A number of analysts have weighed in on KELYA shares. Zacks Investment Research upgraded shares of Kelly Services from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, November 14th. BidaskClub lowered shares of Kelly Services from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, ValuEngine upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Kelly Services, Inc. (NASDAQ KELYA) opened at $29.42 on Wednesday. The company has a market cap of $1,152.37, a price-to-earnings ratio of 13.63 and a beta of 1.12. Kelly Services, Inc. has a fifty-two week low of $20.27 and a fifty-two week high of $30.93.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. Kelly Services had a net margin of 1.33% and a return on equity of 7.92%. Kelly Services’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. equities research analysts expect that Kelly Services, Inc. will post 2.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.02%. Kelly Services’s dividend payout ratio (DPR) is presently 16.57%.
In other news, Director Jane E. Dutton sold 6,900 shares of Kelly Services stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $29.05, for a total transaction of $200,445.00. Following the transaction, the director now owns 24,180 shares in the company, valued at $702,429. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.30% of the stock is currently owned by insiders.
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About Kelly Services
Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).
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