D. E. Shaw & Co. Inc. Raises Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

D. E. Shaw & Co. Inc. lifted its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 567.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,849 shares of the business services provider’s stock after acquiring an additional 298,310 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Kelly Services were worth $4,891,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. KBC Group NV raised its position 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 purchasing an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust increased its position in 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 worth $60,000 after buying an additional 1,406 shares in the last quarter. Palouse Capital Management Inc. raised its holdings in shares of 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 worth $114,000 after acquiring an additional 950 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Kelly Services in the fourth quarter valued at $153,000. Finally, AXQ Capital LP purchased a new stake in shares of Kelly Services in the fourth quarter valued at $154,000. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Kelly Services Stock Up 1.9%

KELYA stock opened at $12.53 on Friday. The company has a 50 day moving average price of $12.22 and a two-hundred day moving average price of $13.62. 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 has a market capitalization of $437.15 million, a P/E ratio of -208.80, a PEG ratio of 0.43 and a beta of 0.96. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $23.81.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.14). The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. As a group, sell-side analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, May 19th. Kelly Services’s payout ratio is -50.00%.

Analyst Ratings Changes

KELYA has been the subject of a number of recent research reports. Barrington Research reiterated an “outperform” rating and set a $25.00 price objective on shares of Kelly Services in a research report on Tuesday, February 18th. StockNews.com raised shares of Kelly Services from a “hold” rating to a “buy” rating in a research note on Monday, May 12th.

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.