Assenagon Asset Management S.A. Has $1.40 Million Stock Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Assenagon Asset Management S.A. reduced its position in Kelly Services, Inc. (NASDAQ:KELYAFree Report) by 77.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 55,905 shares of the business services provider’s stock after selling 195,318 shares during the period. Assenagon Asset Management S.A. owned 0.16% of Kelly Services worth $1,400,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Kelly Services by 80.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,135 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 3,616 shares during the last quarter. EMC Capital Management grew its stake in shares of Kelly Services by 299.7% during the third quarter. EMC Capital Management now owns 9,504 shares of the business services provider’s stock worth $173,000 after purchasing an additional 7,126 shares during the period. Teacher Retirement System of Texas bought a new stake in Kelly Services in the third quarter valued at about $231,000. Allspring Global Investments Holdings LLC lifted its stake in Kelly Services by 32.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,233 shares of the business services provider’s stock valued at $259,000 after buying an additional 3,481 shares during the period. Finally, Brandes Investment Partners LP bought a new position in Kelly Services during the fourth quarter worth about $259,000. Institutional investors own 76.34% of the company’s stock.

Kelly Services Trading Down 2.5 %

KELYA stock traded down $0.56 during trading on Monday, reaching $22.16. 266,059 shares of the stock were exchanged, compared to its average volume of 233,245. The firm’s 50 day moving average is $23.79 and its 200 day moving average is $22.22. Kelly Services, Inc. has a twelve month low of $16.62 and a twelve month high of $25.27. The firm has a market cap of $782.03 million, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 0.94 and a beta of 1.19.

Kelly Services (NASDAQ:KELYAGet Free Report) last released its earnings results on Thursday, February 15th. The business services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.38. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Kelly Services had a return on equity of 6.87% and a net margin of 1.11%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. As a group, analysts predict that Kelly Services, Inc. will post 1.87 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 Tuesday, June 4th. Investors of record on Monday, May 20th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, May 17th. Kelly Services’s dividend payout ratio (DPR) is 21.58%.

Insider Buying and Selling at Kelly Services

In other news, SVP Timothy L. Dupree sold 12,711 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $24.98, for a total transaction of $317,520.78. Following the completion of the sale, the senior vice president now owns 32,392 shares of the company’s stock, valued at $809,152.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Olivier Thirot sold 20,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 174,793 shares of the company’s stock, valued at $4,207,267.51. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Timothy L. Dupree sold 12,711 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $24.98, for a total transaction of $317,520.78. Following the sale, the senior vice president now owns 32,392 shares in the company, valued at approximately $809,152.16. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and issued a $29.00 price objective on shares of Kelly Services in a research report on Monday, May 13th.

Get Our Latest Stock Report on Kelly Services

About Kelly Services

(Free Report)

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.

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

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