Rhumbline Advisers reduced its position in Kelly Services, Inc. (NASDAQ:KELYA – Free Report) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 103,309 shares of the business services provider’s stock after selling 1,410 shares during the period. Rhumbline Advisers’ holdings in Kelly Services were worth $2,212,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Kelly Services in the second quarter valued at about $39,000. nVerses Capital LLC acquired a new position in Kelly Services during the second quarter worth about $47,000. SG Americas Securities LLC bought a new position in Kelly Services in the 1st quarter valued at approximately $125,000. Lazard Asset Management LLC acquired a new stake in shares of Kelly Services during the 1st quarter valued at $177,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Kelly Services in the first quarter valued at approximately $221,000. Institutional investors own 76.34% of the company’s stock.
Kelly Services Stock Performance
Shares of Kelly Services stock opened at $21.59 on Friday. The stock’s fifty day moving average price is $21.23 and its 200-day moving average price is $22.32. Kelly Services, Inc. has a 12 month low of $17.40 and a 12 month high of $25.27. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.16. The firm has a market cap of $766.92 million, a P/E ratio of 15.53, a P/E/G ratio of 0.65 and a beta of 1.19.
Kelly Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a $0.075 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.39%. Kelly Services’s payout ratio is currently 21.58%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on KELYA shares. Barrington Research reiterated an “outperform” rating and set a $29.00 price objective on shares of Kelly Services in a report on Thursday, August 15th. StockNews.com cut shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.
Check Out Our Latest Stock Report on KELYA
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.
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