GSA Capital Partners LLP decreased its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 31.5% during the fourth quarter, HoldingsChannel reports. The firm owned 20,906 shares of the business services provider’s stock after selling 9,635 shares during the quarter. GSA Capital Partners LLP’s holdings in Kelly Services were worth $428,000 at the end of the most recent quarter.

Several 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 56.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,230 shares of the business services provider’s stock worth $46,000 after acquiring an additional 805 shares in the last quarter. Founders Capital Management purchased a new position in Kelly Services in the fourth quarter worth about $51,000. PNC Financial Services Group Inc. raised its holdings in Kelly Services by 47.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,771 shares of the business services provider’s stock worth $56,000 after buying an additional 891 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Kelly Services by 593.3% in the fourth quarter. Meeder Asset Management Inc. now owns 3,945 shares of the business services provider’s stock worth $81,000 after buying an additional 3,376 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Kelly Services in the third quarter worth about $222,000. 65.91% of the stock is currently owned by hedge funds and other institutional investors.

KELYA opened at $21.87 on Friday. Kelly Services, Inc. has a twelve month low of $19.21 and a twelve month high of $32.31. The company has a market cap of $850.13 million, a PE ratio of 9.63 and a beta of 0.83.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Wednesday, February 13th. The business services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. Kelly Services had a net margin of 0.42% and a return on equity of 7.64%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, analysts anticipate that Kelly Services, Inc. will post 2.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 25th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, February 22nd. This represents a $0.30 annualized dividend and a dividend yield of 1.37%. Kelly Services’s payout ratio is 13.22%.

KELYA has been the subject of several research reports. Zacks Investment Research cut shares of Kelly Services from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. BidaskClub cut shares of Kelly Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 27th. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.00.

In related news, insider Olivier Thirot sold 5,400 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $22.12, for a total transaction of $119,448.00. Following the completion of the sale, the insider now directly owns 73,802 shares in the company, valued at $1,632,500.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Teresa Carroll sold 6,959 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $24.13, for a total transaction of $167,920.67. The disclosure for this sale can be found here. Insiders have sold 17,487 shares of company stock valued at $411,008 over the last three months. 12.10% of the stock is owned by corporate insiders.

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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.

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

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