Kelly Services, Inc. (NASDAQ:KELYA) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 58.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,598 shares of the business services provider’s stock after buying an additional 8,365 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Kelly Services worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KELYA. American Century Companies Inc. boosted its position in Kelly Services by 1.1% during the third quarter. American Century Companies Inc. now owns 295,539 shares of the business services provider’s stock valued at $5,376,000 after purchasing an additional 3,319 shares during the last quarter. Comerica Bank acquired a new stake in Kelly Services during the third quarter valued at $10,485,000. AQR Capital Management LLC boosted its position in Kelly Services by 24.2% during the third quarter. AQR Capital Management LLC now owns 325,937 shares of the business services provider’s stock valued at $5,929,000 after purchasing an additional 63,536 shares during the last quarter. Caxton Associates LP boosted its position in Kelly Services by 38.2% during the third quarter. Caxton Associates LP now owns 23,731 shares of the business services provider’s stock valued at $432,000 after purchasing an additional 6,554 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in Kelly Services by 21.2% during the third quarter. Trexquant Investment LP now owns 40,176 shares of the business services provider’s stock valued at $731,000 after purchasing an additional 7,037 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Insiders Place Their Bets

In other Kelly Services news, EVP Olivier Thirot sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $24.07, for a total value of $481,400.00. Following the completion of the sale, the executive vice president now owns 174,793 shares of the company’s stock, valued at $4,207,267.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Olivier Thirot sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $24.07, for a total transaction of $481,400.00. Following the completion of the transaction, the executive vice president now owns 174,793 shares of the company’s stock, valued at approximately $4,207,267.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy L. Dupree sold 12,711 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $24.98, for a total value of $317,520.78. Following the transaction, the senior vice president now directly owns 32,392 shares of the company’s stock, valued at approximately $809,152.16. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Kelly Services Trading Down 2.1 %

KELYA opened at $23.71 on Friday. The stock has a market cap of $836.73 million, a price-to-earnings ratio of 24.19, a PEG ratio of 1.03 and a beta of 1.18. Kelly Services, Inc. has a 1 year low of $15.53 and a 1 year high of $25.27. The stock has a fifty day moving average price of $24.05 and a 200 day moving average price of $21.60.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.38. Kelly Services had a return on equity of 6.50% and a net margin of 0.75%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Kelly Services, Inc. will post 1.78 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were given a $0.075 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.27%. Kelly Services’s dividend payout ratio is currently 30.61%.

Kelly Services Company 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.