SG Americas Securities LLC Acquires Shares of 9,175 Kelly Services, Inc. (NASDAQ:KELYA)

SG Americas Securities LLC acquired a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 9,175 shares of the business services provider’s stock, valued at approximately $196,000.

Other large investors have also bought and sold shares of the company. Brandes Investment Partners LP boosted its position in shares of Kelly Services by 36.2% in the 2nd quarter. Brandes Investment Partners LP now owns 28,512 shares of the business services provider’s stock worth $610,000 after purchasing an additional 7,576 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Kelly Services in the 2nd quarter worth approximately $30,000. Susquehanna Fundamental Investments LLC boosted its position in shares of Kelly Services by 107.1% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 18,269 shares of the business services provider’s stock worth $391,000 after purchasing an additional 9,449 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Kelly Services by 5.8% in the 2nd quarter. AQR Capital Management LLC now owns 371,548 shares of the business services provider’s stock worth $7,955,000 after purchasing an additional 20,520 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Kelly Services by 38.3% in the 2nd quarter. Squarepoint Ops LLC now owns 17,408 shares of the business services provider’s stock worth $373,000 after acquiring an additional 4,822 shares during the last quarter. 76.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KELYA shares. Barrington Research restated an “outperform” rating and issued a $29.00 price objective on shares of Kelly Services in a report on Friday, September 27th. StockNews.com lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Friday, August 9th.

Kelly Services Price Performance

Shares of NASDAQ KELYA opened at $19.69 on Wednesday. Kelly Services, Inc. has a twelve month low of $17.40 and a twelve month high of $25.27. The firm has a market cap of $699.43 million, a P/E ratio of 14.17, a PEG ratio of 0.63 and a beta of 1.19. The company has a 50 day moving average of $20.68 and a 200 day moving average of $21.70. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, August 8th. The business services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.15. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Kelly Services had a net margin of 1.09% and a return on equity of 7.82%. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. As a group, research analysts expect that Kelly Services, Inc. will post 2.49 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.52%. Kelly Services’s dividend payout ratio is presently 21.58%.

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.