Marshall Wace LLP Makes New $488,000 Investment in Kelly Services, Inc. (NASDAQ:KELYA)

Marshall Wace LLP acquired a new stake in Kelly Services, Inc. (NASDAQ:KELYA) during the 4th quarter, Holdings Channel.com reports. The firm acquired 35,028 shares of the business services provider’s stock, valued at approximately $488,000.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC lifted its stake in shares of 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 purchasing an additional 44,811 shares during the period. ARGA Investment Management LP lifted its position in Kelly Services by 28.6% during the fourth quarter. ARGA Investment Management LP now owns 97,482 shares of the business services provider’s stock worth $1,359,000 after buying an additional 21,672 shares during the period. Exchange Traded Concepts LLC boosted its stake in Kelly Services by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider’s stock worth $521,000 after buying an additional 945 shares during the last quarter. Versant Capital Management Inc grew its holdings in Kelly Services by 367.1% in the 4th quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock valued at $33,000 after buying an additional 1,883 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Kelly Services during the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Trading Up 2.0 %

KELYA stock opened at $11.73 on Friday. Kelly Services, Inc. has a 52 week low of $10.80 and a 52 week high of $24.01. The company has a market cap of $409.24 million, a price-to-earnings ratio of -195.47, a PEG 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. The business has a fifty day simple moving average of $12.45 and a 200-day simple moving average of $14.21.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data 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 positive return on equity of 6.56% and a negative net margin of 0.01%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. On average, equities research analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.30 annualized dividend and a yield of 2.56%. Kelly Services’s dividend payout ratio is currently -500.00%.

Wall Street Analyst Weigh In

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

Kelly Services Company 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.