River Road Asset Management LLC Lowers Stock Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

River Road Asset Management LLC cut its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 831,254 shares of the business services provider’s stock after selling 48,928 shares during the period. River Road Asset Management LLC’s holdings in Kelly Services were worth $17,972,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in shares of Kelly Services by 131.6% in the third quarter. Royal Bank of Canada now owns 2,121 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 1,205 shares in the last quarter. UBS Group AG lifted its position in Kelly Services by 7,115.6% in the second quarter. UBS Group AG now owns 2,309 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 2,277 shares during the period. Quarry LP purchased a new stake in Kelly Services in the 2nd quarter valued at approximately $69,000. Quantbot Technologies LP acquired a new position in Kelly Services during the 2nd quarter worth approximately $73,000. Finally, Captrust Financial Advisors raised its stake in shares of Kelly Services by 43.0% during the 1st quarter. Captrust Financial Advisors now owns 3,407 shares of the business services provider’s stock worth $74,000 after buying an additional 1,024 shares in the last quarter. 76.34% of the stock is owned by institutional investors and hedge funds.

Kelly Services Price Performance

KELYA opened at $23.19 on Thursday. Kelly Services, Inc. has a 12 month low of $15.53 and a 12 month high of $25.27. The stock has a market capitalization of $818.38 million, a P/E ratio of 23.66, a P/E/G ratio of 1.00 and a beta of 1.18. The business has a 50 day simple moving average of $23.80 and a 200-day simple moving average of $21.42.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.38. The firm had revenue of $1.23 billion during 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%. Kelly Services’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Research analysts anticipate that Kelly Services, Inc. will post 1.78 EPS for the current year.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Monday, February 26th. Kelly Services’s dividend payout ratio (DPR) is 30.61%.

Insider Buying and Selling

In other news, EVP Olivier Thirot sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $24.07, for a total transaction of $481,400.00. Following the sale, the executive vice president now owns 174,793 shares of the company’s stock, valued at approximately $4,207,267.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Timothy L. Dupree sold 12,711 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $24.98, for a total value of $317,520.78. Following the sale, the senior vice president now directly owns 32,392 shares of the company’s stock, valued at approximately $809,152.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Olivier Thirot sold 20,000 shares of Kelly Services 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 transaction, the executive vice president now owns 174,793 shares of the company’s stock, valued at approximately $4,207,267.51. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

Kelly Services Company 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.