Segall Bryant & Hamill LLC Invests $2.12 Million in Kelly Services, Inc. (NASDAQ:KELYA)

Segall Bryant & Hamill LLC bought a new stake in Kelly Services, Inc. (NASDAQ:KELYA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 99,096 shares of the business services provider’s stock, valued at approximately $2,122,000. Segall Bryant & Hamill LLC owned 0.28% of Kelly Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KELYA. Boston Partners bought a new stake in shares of Kelly Services in the 1st quarter valued at $18,618,000. Allspring Global Investments Holdings LLC increased its stake in Kelly Services by 1,730.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 234,057 shares of the business services provider’s stock valued at $5,011,000 after purchasing an additional 221,271 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Kelly Services by 35.9% during the second quarter. American Century Companies Inc. now owns 682,857 shares of the business services provider’s stock valued at $14,620,000 after purchasing an additional 180,238 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Kelly Services by 178.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 155,604 shares of the business services provider’s stock worth $3,331,000 after purchasing an additional 99,699 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Kelly Services in the 3rd quarter valued at about $1,706,000. Institutional investors and hedge funds own 76.34% of the company’s stock.

Insider Activity at Kelly Services

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

Analyst Upgrades and Downgrades

KELYA has been the topic of several recent research reports. Barrington Research cut their price target on Kelly Services from $29.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. StockNews.com downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.

Kelly Services Trading Up 3.4 %

KELYA opened at $14.40 on Friday. Kelly Services, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $25.27. The firm has a market capitalization of $512.78 million, a PE ratio of 12.52, a P/E/G ratio of 0.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.61. The company’s 50-day moving average is $19.29 and its 200 day moving average is $20.75.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. As a group, research analysts predict that Kelly Services, Inc. will post 1.93 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.30 annualized dividend and a dividend yield of 2.08%. Kelly Services’s dividend payout ratio is currently 26.09%.

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.