61,519 Shares in Kelly Services, Inc. $KELYA Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,519 shares of the business services provider’s stock, valued at approximately $755,000. Public Employees Retirement System of Ohio owned about 0.18% of Kelly Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Donald Smith & CO. Inc. acquired a new position in shares of Kelly Services during the 2nd quarter worth approximately $5,704,000. RBF Capital LLC acquired a new stake in shares of Kelly Services in the 4th quarter valued at approximately $1,161,000. JB Capital Partners LP boosted its holdings in shares of Kelly Services by 76.3% in the 4th quarter. JB Capital Partners LP now owns 207,160 shares of the business services provider’s stock valued at $1,823,000 after buying an additional 89,674 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Kelly Services in the first quarter valued at $4,371,000. Finally, Quantinno Capital Management LP grew its stake in shares of Kelly Services by 34.5% in the first quarter. Quantinno Capital Management LP now owns 189,010 shares of the business services provider’s stock valued at $1,673,000 after buying an additional 48,431 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors.

Kelly Services Trading Down 0.4%

Shares of KELYA stock opened at $15.96 on Thursday. Kelly Services, Inc. has a 12-month low of $7.98 and a 12-month high of $17.75. The company has a market capitalization of $554.29 million, a PE ratio of -2.04, a price-to-earnings-growth ratio of 1.12 and a beta of 0.87. The firm has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $11.96. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.18 by $0.19. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.During the same quarter in the prior year, the business earned $0.52 earnings per share. As a group, analysts predict that Kelly Services, Inc. will post 1.1 earnings per share for the current year.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 annualized dividend and a yield of 1.9%. Kelly Services’s dividend payout ratio (DPR) is presently -3.84%.

Analysts Set New Price Targets

KELYA has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Kelly Services from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 21st. Barrington Research increased their price target on shares of Kelly Services from $15.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.00.

Kelly Services Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.