Victory Capital Management Inc. Increases Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Victory Capital Management Inc. lifted its position in Kelly Services, Inc. (NASDAQ:KELYA) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,611 shares of the business services provider’s stock after purchasing an additional 1,411 shares during the period. Victory Capital Management Inc.’s holdings in Kelly Services were worth $455,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Kelly Services by 238.0% in the third quarter. Barclays PLC now owns 63,638 shares of the business services provider’s stock valued at $1,362,000 after purchasing an additional 44,811 shares during the period. Geode Capital Management LLC raised its stake in Kelly Services by 1.2% in the third quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock worth $16,739,000 after buying an additional 9,635 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Kelly Services in the third quarter worth approximately $2,122,000. Franklin Resources Inc. raised its stake in Kelly Services by 9.3% in the third quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider’s stock worth $456,000 after buying an additional 1,905 shares in the last quarter. Finally, State Street Corp raised its stake in Kelly Services by 1.4% in the third quarter. State Street Corp now owns 1,253,704 shares of the business services provider’s stock worth $26,842,000 after buying an additional 17,579 shares in the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Kelly Services in a research note on Tuesday, February 18th.

Kelly Services Stock Performance

Shares of NASDAQ:KELYA opened at $13.17 on Friday. The company has a market capitalization of $459.47 million, a price-to-earnings ratio of -219.46, a price-to-earnings-growth ratio of 0.43 and a beta of 1.13. Kelly Services, Inc. has a 52 week low of $12.66 and a 52 week high of $25.16. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $13.69 and a 200 day moving average of $16.09.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.38. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. On average, sell-side analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Wednesday, February 26th. Kelly Services’s payout ratio is presently -500.00%.

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.