Kelly Services, Inc. (NASDAQ:KELYA) Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP lifted its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,617 shares of the business services provider’s stock after buying an additional 3,779 shares during the period. Brandes Investment Partners LP owned approximately 0.10% of Kelly Services worth $510,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in shares of Kelly Services by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider’s stock valued at $521,000 after buying an additional 945 shares in the last quarter. Palouse Capital Management Inc. grew its position in Kelly Services by 13.1% in the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 950 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Kelly Services by 49.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 1,406 shares during the period. Victory Capital Management Inc. lifted its position in shares of Kelly Services by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 32,611 shares of the business services provider’s stock worth $455,000 after purchasing an additional 1,411 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Kelly Services by 367.1% in the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 1,883 shares during the period. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Kelly Services Price Performance

Shares of KELYA opened at $13.29 on Friday. The firm has a market capitalization of $463.66 million, a price-to-earnings ratio of -221.46, a price-to-earnings-growth ratio of 0.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. The stock’s fifty day moving average is $13.73 and its 200-day moving average is $16.35. Kelly Services, Inc. has a one year low of $12.66 and a one year high of $25.16.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.15 billion. Equities analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.26%. Kelly Services’s dividend payout ratio (DPR) is -500.00%.

Wall Street Analysts Forecast Growth

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

About Kelly Services

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.