Squarepoint Ops LLC Purchases 4,822 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Squarepoint Ops LLC grew its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 38.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 17,408 shares of the business services provider’s stock after acquiring an additional 4,822 shares during the quarter. Squarepoint Ops LLC’s holdings in Kelly Services were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KELYA. Innealta Capital LLC purchased a new position in shares of Kelly Services during the second quarter valued at approximately $39,000. nVerses Capital LLC bought a new position in Kelly Services in the 2nd quarter valued at $47,000. Meeder Asset Management Inc. purchased a new stake in Kelly Services in the second quarter worth $51,000. SG Americas Securities LLC bought a new stake in shares of Kelly Services during the first quarter worth $125,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Kelly Services during the first quarter valued at $177,000. 76.34% of the stock is owned by hedge funds and other institutional investors.

Kelly Services Trading Down 1.4 %

Kelly Services stock opened at $20.11 on Friday. The firm has a market cap of $714.35 million, a PE ratio of 14.47, a P/E/G ratio of 0.65 and a beta of 1.19. Kelly Services, Inc. has a 12 month low of $17.40 and a 12 month high of $25.27. The stock’s 50 day simple moving average is $20.70 and its two-hundred day simple moving average is $21.96. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.16.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.15. Kelly Services had a net margin of 1.09% and a return on equity of 7.82%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. Analysts anticipate that Kelly Services, Inc. will post 2.49 earnings per share for the current year.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.30 annualized dividend and a yield of 1.49%. Kelly Services’s dividend payout ratio (DPR) is currently 21.58%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KELYA shares. Barrington Research reissued an “outperform” rating and set a $29.00 price target on shares of Kelly Services in a research report on Friday, September 27th. StockNews.com cut shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Friday, August 9th.

Kelly Services 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.