US Bancorp DE Has $217,000 Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

US Bancorp DE boosted its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 9.3% during the third quarter, Holdings Channel reports. The fund owned 10,135 shares of the business services provider’s stock after acquiring an additional 866 shares during the period. US Bancorp DE’s holdings in Kelly Services were worth $217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Kelly Services during the second quarter worth $30,000. Innealta Capital LLC acquired a new stake in Kelly Services in the second quarter worth about $39,000. nVerses Capital LLC bought a new stake in Kelly Services during the 2nd quarter worth about $47,000. Meeder Asset Management Inc. bought a new stake in Kelly Services during the 2nd quarter worth about $51,000. Finally, SG Americas Securities LLC acquired a new position in Kelly Services during the 1st quarter valued at about $125,000. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Price Performance

Shares of KELYA opened at $15.05 on Friday. The stock has a market cap of $535.33 million, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 0.59 and a beta of 1.20. Kelly Services, Inc. has a 1 year low of $14.98 and a 1 year high of $25.27. The stock’s 50-day moving average price is $20.06 and its two-hundred day moving average price is $21.12. 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 (NASDAQ:KELYA) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.07 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. The business’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. On average, equities analysts predict that Kelly Services, Inc. will post 2.07 earnings per share for the current year.

Kelly Services Dividend Announcement

The company also recently declared 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. This represents a $0.30 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, November 20th. Kelly Services’s dividend payout ratio (DPR) is 26.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KELYA shares. Barrington Research reissued an “outperform” rating and set a $29.00 price target on shares of Kelly Services in a research note on Friday, September 27th. StockNews.com downgraded Kelly Services from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

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.