Metropolitan Life Insurance Co NY boosted its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,093 shares of the business services provider’s stock after acquiring an additional 630 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Kelly Services were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KELYA. Aperio Group LLC grew its holdings in Kelly Services by 8.7% during the 2nd quarter. Aperio Group LLC now owns 88,983 shares of the business services provider’s stock worth $2,330,000 after acquiring an additional 7,096 shares in the last quarter. Swiss National Bank grew its holdings in Kelly Services by 2.2% during the 2nd quarter. Swiss National Bank now owns 59,400 shares of the business services provider’s stock worth $1,556,000 after acquiring an additional 1,300 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Kelly Services during the 2nd quarter worth approximately $2,064,000. Meeder Asset Management Inc. lifted its position in shares of Kelly Services by 9.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,929 shares of the business services provider’s stock worth $182,000 after buying an additional 586 shares during the last quarter. Finally, Stone Ridge Asset Management LLC lifted its position in shares of Kelly Services by 89.3% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 35,472 shares of the business services provider’s stock worth $929,000 after buying an additional 16,732 shares during the last quarter. Institutional investors own 67.61% of the company’s stock.

In related news, Director George S. Corona sold 59,405 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $21.83, for a total value of $1,296,811.15. Following the completion of the sale, the director now owns 153,636 shares in the company, valued at approximately $3,353,873.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George S. Corona sold 20,078 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $22.09, for a total transaction of $443,523.02. Following the completion of the sale, the director now owns 146,721 shares of the company’s stock, valued at approximately $3,241,066.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,118 shares of company stock valued at $1,776,181. 7.20% of the stock is owned by insiders.

KELYA has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 9th. Northcoast Research downgraded shares of Kelly Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 28th. ValuEngine downgraded shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. BidaskClub downgraded shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Noble Financial set a $32.00 price objective on shares of Kelly Services and gave the stock a “buy” rating in a research report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Kelly Services presently has an average rating of “Hold” and a consensus price target of $29.50.

Shares of NASDAQ:KELYA opened at $22.18 on Friday. The company has a market capitalization of $867.48 million, a PE ratio of 9.77 and a beta of 0.74. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. Kelly Services, Inc. has a twelve month low of $19.21 and a twelve month high of $28.91. The firm has a 50 day simple moving average of $22.29 and a 200-day simple moving average of $24.50.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.09). Kelly Services had a net margin of 1.32% and a return on equity of 7.66%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company earned $0.56 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, equities research analysts predict that Kelly Services, Inc. will post 2.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were given a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.30 annualized dividend and a yield of 1.35%. Kelly Services’s dividend payout ratio (DPR) is 13.22%.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

See Also: Retained Earnings

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

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