ExodusPoint Capital Management LP Acquires Shares of 124,253 Kelly Services, Inc. (NASDAQ:KELYA)

ExodusPoint Capital Management LP bought a new stake in Kelly Services, Inc. (NASDAQ:KELYA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 124,253 shares of the business services provider’s stock, valued at approximately $1,732,000. ExodusPoint Capital Management LP owned about 0.35% of Kelly Services at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Boston Partners raised its holdings in Kelly Services by 49.0% during the fourth quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock worth $26,450,000 after purchasing an additional 621,078 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Kelly Services by 498.0% in the 4th quarter. JPMorgan Chase & Co. now owns 162,987 shares of the business services provider’s stock valued at $2,272,000 after buying an additional 135,730 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Kelly Services in the fourth quarter valued at approximately $1,481,000. American Century Companies Inc. grew its holdings in Kelly Services by 10.7% during the fourth quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider’s stock worth $12,506,000 after acquiring an additional 86,560 shares during the period. Finally, Teacher Retirement System of Texas raised its position in Kelly Services by 71.4% in the fourth quarter. Teacher Retirement System of Texas now owns 150,576 shares of the business services provider’s stock worth $2,099,000 after acquiring an additional 62,708 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Price Performance

Shares of NASDAQ:KELYA opened at $11.46 on Wednesday. Kelly Services, Inc. has a 12 month low of $11.35 and a 12 month high of $24.64. The firm has a market capitalization of $399.82 million, a price-to-earnings ratio of -190.97, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. The business’s 50 day simple moving average is $13.31 and its 200-day simple moving average is $15.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, beating 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%. As a group, equities analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Wednesday, February 26th. Kelly Services’s dividend payout ratio (DPR) is presently -500.00%.

Analysts Set New Price Targets

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

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.