Kelly Services, Inc. (NASDAQ:KELYA) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC trimmed its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 23.1% in the fourth quarter, HoldingsChannel reports. The firm owned 21,031 shares of the business services provider’s stock after selling 6,308 shares during the period. Legato Capital Management LLC’s holdings in Kelly Services were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of Kelly Services by 9.3% in the 3rd quarter. US Bancorp DE now owns 10,135 shares of the business services provider’s stock worth $217,000 after acquiring an additional 866 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Kelly Services by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider’s stock worth $521,000 after acquiring an additional 945 shares during the period. Versant Capital Management Inc lifted its stake in shares of Kelly Services by 367.1% in the 4th quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock worth $33,000 after acquiring an additional 1,883 shares during the period. Franklin Resources Inc. lifted its stake in shares of Kelly Services by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider’s stock worth $456,000 after acquiring an additional 1,905 shares during the period. Finally, KBC Group NV lifted its stake in shares of Kelly Services by 109.1% in the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock worth $54,000 after acquiring an additional 2,028 shares during the period. 76.34% of the stock is owned by institutional investors and hedge funds.

Kelly Services Trading Down 0.8 %

Shares of NASDAQ:KELYA opened at $14.14 on Friday. The company has a 50 day moving average of $13.81 and a 200-day moving average of $17.41. The firm has a market cap of $503.53 million, a P/E ratio of 12.30, a P/E/G ratio of 0.40 and a beta of 1.11. Kelly Services, Inc. has a twelve month low of $12.68 and a twelve month high of $25.27. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.44 by $0.38. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. As a group, analysts anticipate that Kelly Services, Inc. will post 1.93 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Wednesday, February 26th. Kelly Services’s dividend payout ratio is presently 26.09%.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Kelly Services in a research note on Wednesday.

Insider Buying and Selling

In related news, SVP Daniel H. Malan bought 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $13.88 per share, for a total transaction of $48,580.00. Following the acquisition, the senior vice president now directly owns 95,906 shares of the company’s stock, valued at $1,331,175.28. The trade was a 3.79 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.90% of the company’s stock.

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.