Paradigm Capital Management Inc. NY Has $1,792,000 Position in Kelly Services, Inc. (KELYA)
Paradigm Capital Management Inc. NY continued to hold its stake in Kelly Services, Inc. (NASDAQ:KELYA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,825 shares of the business services provider’s stock at the close of the second quarter. Paradigm Capital Management Inc. NY owned 0.21% of Kelly Services worth $1,792,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Kelly Services during the second quarter worth $117,000. State of Alaska Department of Revenue grew its stake in shares of Kelly Services by 77.4% during the second quarter. State of Alaska Department of Revenue now owns 5,731 shares of the business services provider’s stock worth $128,000 after purchasing an additional 2,501 shares in the last quarter. Mason Street Advisors LLC grew its stake in shares of Kelly Services by 7.0% during the first quarter. Mason Street Advisors LLC now owns 6,837 shares of the business services provider’s stock worth $149,000 after purchasing an additional 449 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Kelly Services by 34.6% during the first quarter. Victory Capital Management Inc. now owns 7,213 shares of the business services provider’s stock worth $158,000 after purchasing an additional 1,856 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its stake in shares of Kelly Services by 3.3% during the first quarter. Eqis Capital Management Inc. now owns 10,937 shares of the business services provider’s stock worth $239,000 after purchasing an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 65.75% of the company’s stock.
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KELYA has been the subject of a number of analyst reports. ValuEngine downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub cut shares of Kelly Services from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research cut shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th.
Shares of Kelly Services, Inc. (NASDAQ KELYA) opened at 22.37 on Wednesday. The stock has a market capitalization of $856.95 million, a PE ratio of 6.70 and a beta of 0.98. The company has a 50-day moving average of $21.90 and a 200-day moving average of $22.13. Kelly Services, Inc. has a 12 month low of $18.01 and a 12 month high of $24.70.
Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.24. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Kelly Services had a net margin of 2.58% and a return on equity of 6.88%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. On average, equities research analysts expect that Kelly Services, Inc. will post $1.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Friday, August 18th. Kelly Services’s dividend payout ratio is currently 8.85%.
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).
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