Hsbc Holdings PLC Reduces Position in Kelly Services, Inc. (NASDAQ:KELYA)

Hsbc Holdings PLC reduced its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 22.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,247 shares of the business services provider’s stock after selling 8,405 shares during the period. Hsbc Holdings PLC’s holdings in Kelly Services were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KELYA. Brandes Investment Partners LP purchased a new position in Kelly Services during the fourth quarter worth approximately $259,000. ARGA Investment Management LP raised its holdings in shares of Kelly Services by 167.0% during the 4th quarter. ARGA Investment Management LP now owns 33,010 shares of the business services provider’s stock worth $714,000 after acquiring an additional 20,645 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Kelly Services during the 4th quarter worth $466,000. Dimensional Fund Advisors LP boosted its position in shares of Kelly Services by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,094 shares of the business services provider’s stock valued at $58,247,000 after acquiring an additional 22,006 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Kelly Services by 138.6% in the fourth quarter. Teacher Retirement System of Texas now owns 30,277 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 17,588 shares during the period. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Kelly Services Trading Down 0.4 %

KELYA stock traded down $0.09 during trading on Friday, reaching $23.63. 193,144 shares of the stock were exchanged, compared to its average volume of 160,144. The business has a 50 day moving average price of $24.07 and a 200-day moving average price of $21.81. Kelly Services, Inc. has a 1 year low of $15.53 and a 1 year high of $25.27. The firm has a market capitalization of $833.90 million, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.03 and a beta of 1.19.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.38. The firm 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 6.50% and a net margin of 0.75%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, research analysts anticipate that Kelly Services, Inc. will post 1.78 EPS for the current year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, February 26th. Kelly Services’s payout ratio is 30.61%.

Insider Activity at Kelly Services

In other news, SVP Timothy L. Dupree sold 12,711 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Olivier Thirot sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $24.07, for a total transaction of $481,400.00. Following the completion of 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 accessible through this hyperlink. Also, SVP Timothy L. Dupree sold 12,711 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was 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 $809,152.16. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

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.