Kelly Services, Inc. (NASDAQ:KELYA) Shares Purchased by KBC Group NV

KBC Group NV increased its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 109.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,886 shares of the business services provider’s stock after purchasing an additional 2,028 shares during the period. KBC Group NV’s holdings in Kelly Services were worth $54,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KELYA. Exchange Traded Concepts LLC increased its position in shares of 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 valued at $521,000 after purchasing an additional 945 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Kelly Services by 3,062.7% in the fourth quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider’s stock valued at $130,000 after buying an additional 9,035 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Kelly Services by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock worth $33,000 after purchasing an additional 1,883 shares during the period. Franklin Resources Inc. boosted its holdings in Kelly Services by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider’s stock valued at $456,000 after purchasing an additional 1,905 shares in the last quarter. Finally, Barclays PLC grew 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. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Kelly Services Price Performance

Shares of NASDAQ:KELYA opened at $13.44 on Tuesday. The business has a fifty day simple moving average of $13.85 and a 200 day simple moving average of $17.60. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18. Kelly Services, Inc. has a 1 year low of $12.68 and a 1 year high of $25.27. The firm has a market cap of $478.60 million, a price-to-earnings ratio of 11.69, a P/E/G ratio of 0.40 and a beta of 1.11.

Insider Activity at Kelly Services

In other news, SVP Daniel H. Malan acquired 3,500 shares of Kelly Services stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of $13.88 per share, for a total transaction of $48,580.00. Following the completion of the purchase, the senior vice president now owns 95,906 shares of the company’s stock, valued at $1,331,175.28. This represents a 3.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 3.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Barrington Research cut their target price on Kelly Services from $29.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th.

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.