Brandes Investment Partners LP Buys 3,779 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Brandes Investment Partners LP grew its position in Kelly Services, Inc. (NASDAQ:KELYA) by 11.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 36,617 shares of the business services provider’s stock after buying an additional 3,779 shares during the period. Brandes Investment Partners LP’s holdings in Kelly Services were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KELYA. Barclays PLC boosted its stake in Kelly Services by 238.0% in the 3rd quarter. Barclays PLC now owns 63,638 shares of the business services provider’s stock valued at $1,362,000 after buying an additional 44,811 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Kelly Services by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock valued at $16,739,000 after purchasing an additional 9,635 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Kelly Services during the third quarter worth about $2,122,000. Franklin Resources Inc. grew its stake in Kelly Services by 9.3% during 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 during the last quarter. Finally, State Street Corp boosted its holdings in shares of Kelly Services by 1.4% in the 3rd quarter. State Street Corp now owns 1,253,704 shares of the business services provider’s stock worth $26,842,000 after acquiring an additional 17,579 shares in the last quarter. 76.34% of the stock is owned by institutional investors.

Kelly Services Trading Up 2.5 %

KELYA opened at $13.29 on Friday. Kelly Services, Inc. has a 1-year low of $12.66 and a 1-year high of $25.16. The stock has a market capitalization of $463.66 million, a PE ratio of -221.46, a PEG ratio of 0.43 and a beta of 1.13. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $13.73 and a two-hundred day moving average price of $16.35.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data 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. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. As a group, equities analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services’s dividend payout ratio is -500.00%.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective 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.