Y Intercept Hong Kong Ltd Acquires New Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 106,260 shares of the business services provider’s stock, valued at approximately $1,481,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KELYA. Pacer Advisors Inc. boosted its holdings in shares of Kelly Services by 45.7% in the third quarter. Pacer Advisors Inc. now owns 1,211,791 shares of the business services provider’s stock valued at $25,944,000 after buying an additional 380,035 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Kelly Services in the third quarter valued at approximately $2,122,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Kelly Services by 20.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 329,932 shares of the business services provider’s stock valued at $7,064,000 after buying an additional 56,457 shares during the period. 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 buying an additional 44,811 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in shares of Kelly Services by 87.4% in the third quarter. Martingale Asset Management L P now owns 92,286 shares of the business services provider’s stock valued at $1,976,000 after buying an additional 43,033 shares during the period. Institutional investors and hedge funds own 76.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kelly Services Stock Performance

Shares of KELYA opened at $13.75 on Wednesday. Kelly Services, Inc. has a 12 month low of $12.68 and a 12 month high of $25.27. The firm has a fifty day simple moving average of $13.77 and a 200 day simple moving average of $16.98. The stock has a market capitalization of $479.71 million, a price-to-earnings ratio of -229.13, a PEG ratio of 0.43 and a beta of 1.11. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS 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 business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Research analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Wednesday, February 26th. Kelly Services’s dividend payout ratio is currently -500.00%.

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.