Teacher Retirement System of Texas Grows Stake in Kelly Services, Inc. (NASDAQ:KELYA)

Teacher Retirement System of Texas lifted its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 71.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 150,576 shares of the business services provider’s stock after acquiring an additional 62,708 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.42% of Kelly Services worth $2,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KELYA. Boston Partners boosted its position in shares of Kelly Services by 49.0% in the fourth quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock valued at $26,450,000 after acquiring an additional 621,078 shares during the period. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Kelly Services in the 4th quarter valued at $407,000. Brandes Investment Partners LP boosted its position in Kelly Services by 11.5% during the fourth quarter. Brandes Investment Partners LP now owns 36,617 shares of the business services provider’s stock valued at $510,000 after buying an additional 3,779 shares during the period. Aigen Investment Management LP bought a new position in shares of Kelly Services during the fourth quarter valued at about $288,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Kelly Services in the fourth quarter worth about $201,000. Institutional investors own 76.34% of the company’s stock.

Kelly Services Price Performance

KELYA stock opened at $13.59 on Friday. The stock has a market capitalization of $474.13 million, a price-to-earnings ratio of -226.46, a PEG ratio of 0.43 and a beta of 1.13. The firm’s 50-day moving average price is $13.64 and its two-hundred day moving average price is $15.92. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. Kelly Services, Inc. has a 12-month low of $12.66 and a 12-month high of $25.16.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.38. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. As a group, equities analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, February 26th. Kelly Services’s payout ratio is currently -500.00%.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Kelly Services in a research report on Tuesday, February 18th.

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.