Integrated Quantitative Investments LLC Makes New $262,000 Investment in Kelly Services, Inc. (NASDAQ:KELYA)

Integrated Quantitative Investments LLC acquired a new stake in Kelly Services, Inc. (NASDAQ:KELYA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,800 shares of the business services provider’s stock, valued at approximately $262,000. Integrated Quantitative Investments LLC owned approximately 0.05% of Kelly Services at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KELYA. Boston Partners lifted its holdings in Kelly Services by 49.0% in the 4th quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock valued at $26,450,000 after acquiring an additional 621,078 shares during the last quarter. State Street Corp raised its holdings in Kelly Services by 1.4% during the 3rd 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 during the period. American Century Companies Inc. boosted its holdings in shares of Kelly Services by 10.7% in the fourth quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider’s stock worth $12,506,000 after buying an additional 86,560 shares during the period. Geode Capital Management LLC increased its position in shares of Kelly Services by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider’s stock worth $11,031,000 after acquiring an additional 9,464 shares in the last quarter. Finally, Foundry Partners LLC lifted its position in shares of Kelly Services by 29.1% in the 4th quarter. Foundry Partners LLC now owns 272,610 shares of the business services provider’s stock valued at $3,800,000 after acquiring an additional 61,425 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Stock Down 0.4 %

Kelly Services stock opened at $12.25 on Friday. The firm’s 50 day moving average price is $13.48 and its two-hundred day moving average price is $15.56. The firm has a market cap of $427.38 million, a PE ratio of -204.13, a P/E/G ratio of 0.43 and a beta of 1.03. Kelly Services, Inc. has a twelve month low of $11.82 and a twelve month high of $24.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.38. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates 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, research analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services’s payout ratio is presently -500.00%.

Wall Street Analyst Weigh In

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

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.