Bank of America Corp DE raised its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 96.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 44,797 shares of the business services provider’s stock after buying an additional 21,994 shares during the period. Bank of America Corp DE owned approximately 0.12% of Kelly Services worth $979,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of KELYA. Louisiana State Employees Retirement System raised its position in shares of Kelly Services by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the business services provider’s stock worth $260,000 after buying an additional 100 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Kelly Services by 0.4% in the first quarter. Prudential Financial Inc. now owns 50,288 shares of the business services provider’s stock worth $1,099,000 after buying an additional 180 shares in the last quarter. Arizona State Retirement System raised its position in shares of Kelly Services by 1.3% in the first quarter. Arizona State Retirement System now owns 15,260 shares of the business services provider’s stock worth $334,000 after buying an additional 200 shares in the last quarter. Capital One National Association raised its position in shares of Kelly Services by 1.0% in the first quarter. Capital One National Association now owns 21,081 shares of the business services provider’s stock worth $461,000 after buying an additional 218 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its position in shares of Kelly Services by 3.3% in the first quarter. Eqis Capital Management Inc. now owns 10,937 shares of the business services provider’s stock worth $239,000 after buying an additional 347 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Kelly Services, Inc. (KELYA) traded up 0.66% during mid-day trading on Monday, hitting $21.51. The stock had a trading volume of 30,276 shares. Kelly Services, Inc. has a 52 week low of $18.01 and a 52 week high of $24.70. The company’s 50 day moving average is $22.45 and its 200-day moving average is $22.14. The stock has a market capitalization of $824.01 million, a P/E ratio of 6.45 and a beta of 0.98.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Wednesday, August 9th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.24. Kelly Services had a return on equity of 6.88% and a net margin of 2.58%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year. On average, analysts expect that Kelly Services, Inc. will post $1.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 22nd will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.30 annualized dividend and a yield of 1.40%. Kelly Services’s dividend payout ratio is currently 8.85%.

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A number of brokerages have commented on KELYA. Zacks Investment Research raised Kelly Services from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, May 16th. ValuEngine raised Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised Kelly Services from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Kelly Services in a report on Friday, May 12th.

In related news, Director Donald R. Parfet sold 22,029 shares of Kelly Services stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $23.10, for a total value of $508,869.90. Following the completion of the transaction, the director now owns 23,520 shares in the company, valued at $543,312. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 13.30% of the company’s stock.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).

Institutional Ownership by Quarter for Kelly Services (NASDAQ:KELYA)

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