Brandes Investment Partners LP Invests $259,000 in Kelly Services, Inc. (NASDAQ:KELYA)

Brandes Investment Partners LP bought a new position in Kelly Services, Inc. (NASDAQ:KELYA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 11,993 shares of the business services provider’s stock, valued at approximately $259,000.

Other large investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC lifted its holdings in shares of Kelly Services by 2.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 64,668 shares of the business services provider’s stock worth $1,398,000 after buying an additional 1,520 shares in the last quarter. American Century Companies Inc. increased its position in Kelly Services by 1.1% in the third quarter. American Century Companies Inc. now owns 295,539 shares of the business services provider’s stock worth $5,376,000 after purchasing an additional 3,319 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Kelly Services by 32.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,233 shares of the business services provider’s stock worth $259,000 after buying an additional 3,481 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kelly Services by 80.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,135 shares of the business services provider’s stock valued at $148,000 after buying an additional 3,616 shares in the last quarter. Finally, River Road Asset Management LLC increased its stake in Kelly Services by 0.5% during the third quarter. River Road Asset Management LLC now owns 880,182 shares of the business services provider’s stock worth $16,011,000 after acquiring an additional 4,009 shares during the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Kelly Services news, EVP Olivier Thirot sold 20,000 shares of Kelly Services stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $24.07, for a total value of $481,400.00. Following the transaction, the executive vice president now directly owns 174,793 shares in the company, valued at approximately $4,207,267.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Kelly Services news, SVP Timothy L. Dupree sold 12,711 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were 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 in the company, valued at approximately $809,152.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Olivier Thirot sold 20,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $24.07, for a total value 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 $4,207,267.51. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Kelly Services Trading Down 0.4 %

KELYA traded down $0.10 on Wednesday, hitting $22.15. The company had a trading volume of 24,674 shares, compared to its average volume of 232,285. The company’s fifty day moving average price is $23.75 and its 200 day moving average price is $22.24. Kelly Services, Inc. has a 1 year low of $16.62 and a 1 year high of $25.27. The firm has a market cap of $781.67 million, a P/E ratio of 16.03, a PEG ratio of 0.91 and a beta of 1.19.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 20th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, May 17th. Kelly Services’s dividend payout ratio (DPR) is presently 21.58%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $29.00 price target on shares of Kelly Services in a research note on Monday, May 13th.

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.