Mackenzie Financial Corp acquired a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 38,020 shares of the business services provider’s stock, valued at approximately $954,000. Mackenzie Financial Corp owned 0.10% of Kelly Services as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KELYA. Northpointe Capital LLC raised its stake in shares of Kelly Services by 45.5% during the second quarter. Northpointe Capital LLC now owns 664,425 shares of the business services provider’s stock valued at $14,916,000 after purchasing an additional 207,671 shares during the period. Northern Trust Corp raised its stake in shares of Kelly Services by 52.7% during the second quarter. Northern Trust Corp now owns 567,333 shares of the business services provider’s stock valued at $12,736,000 after purchasing an additional 195,919 shares during the period. State Street Corp raised its stake in shares of Kelly Services by 17.8% during the first quarter. State Street Corp now owns 751,076 shares of the business services provider’s stock valued at $16,416,000 after purchasing an additional 113,572 shares during the period. Chicago Equity Partners LLC raised its stake in shares of Kelly Services by 449.4% during the second quarter. Chicago Equity Partners LLC now owns 99,285 shares of the business services provider’s stock valued at $2,229,000 after purchasing an additional 81,215 shares during the period. Finally, Brandes Investment Partners LP purchased a new stake in shares of Kelly Services during the second quarter valued at approximately $1,110,000. Institutional investors own 66.11% of the company’s stock.

Shares of Kelly Services, Inc. (KELYA) opened at $28.69 on Monday. Kelly Services, Inc. has a 1 year low of $20.27 and a 1 year high of $30.93. The firm has a market cap of $1,102.41, a P/E ratio of 14.71 and a beta of 1.10.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.27. Kelly Services had a net margin of 1.44% and a return on equity of 7.25%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company earned $0.44 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. research analysts anticipate that Kelly Services, Inc. will post 2.04 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Tuesday, November 21st. Kelly Services’s dividend payout ratio is presently 15.71%.

A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Kelly Services from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th.

In other Kelly Services news, Director Leslie A. Murphy sold 7,500 shares of Kelly Services stock in a transaction on Friday, November 17th. The shares were sold at an average price of $28.69, for a total value of $215,175.00. Following the completion of the transaction, the director now owns 22,695 shares of the company’s stock, valued at $651,119.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jane E. Dutton sold 6,900 shares of Kelly Services stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $29.05, for a total transaction of $200,445.00. Following the completion of the transaction, the director now directly owns 24,180 shares of the company’s stock, valued at approximately $702,429. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,400 shares of company stock valued at $499,800. 13.30% of the stock is currently owned by corporate insiders.

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Kelly Services Profile

Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).

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

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