American Century Companies Inc. raised its stake in Kelly Services, Inc. (NASDAQ:KELYA – Free Report) by 35.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 682,857 shares of the business services provider’s stock after acquiring an additional 180,238 shares during the quarter. American Century Companies Inc.’s holdings in Kelly Services were worth $14,620,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of KELYA. LSV Asset Management lifted its position in shares of Kelly Services by 5.2% during the second quarter. LSV Asset Management now owns 615,729 shares of the business services provider’s stock worth $13,183,000 after purchasing an additional 30,300 shares in the last quarter. Foundry Partners LLC increased its stake in Kelly Services by 21.7% during the 2nd quarter. Foundry Partners LLC now owns 183,690 shares of the business services provider’s stock worth $3,933,000 after buying an additional 32,770 shares during the period. nVerses Capital LLC acquired a new position in Kelly Services in the 2nd quarter worth $47,000. Innealta Capital LLC purchased a new position in Kelly Services in the 2nd quarter valued at about $39,000. Finally, Bailard Inc. grew its stake in shares of Kelly Services by 6.9% during the second quarter. Bailard Inc. now owns 10,874 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.
Kelly Services Trading Down 1.9 %
NASDAQ KELYA opened at $21.18 on Friday. The company has a market capitalization of $752.36 million, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 0.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.61. Kelly Services, Inc. has a 12 month low of $17.40 and a 12 month high of $25.27. The company’s fifty day moving average price is $21.23 and its two-hundred day moving average price is $22.29.
Kelly Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.42%. The ex-dividend date was Wednesday, August 21st. Kelly Services’s dividend payout ratio (DPR) is presently 21.58%.
Analyst Ratings Changes
Several research analysts recently commented on KELYA shares. Barrington Research reiterated an “outperform” rating and issued a $29.00 price target on shares of Kelly Services in a research note on Thursday, August 15th. StockNews.com lowered Kelly Services from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.
Get Our Latest Analysis on Kelly Services
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.
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