Oxford Asset Management LLP Buys Shares of 17,699 Kelly Services, Inc. (NASDAQ:KELYA)

Oxford Asset Management LLP acquired a new position in Kelly Services, Inc. (NASDAQ:KELYA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,699 shares of the business services provider’s stock, valued at approximately $247,000.

Several other institutional investors have also recently made changes to their positions in the stock. Boston Partners grew its holdings in Kelly Services by 49.0% during the 4th quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock valued at $26,450,000 after buying an additional 621,078 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Kelly Services during the fourth quarter worth $5,343,000. Kennedy Capital Management LLC purchased a new position in shares of Kelly Services during the fourth quarter worth approximately $4,082,000. JPMorgan Chase & Co. increased its stake in shares of Kelly Services by 498.0% during the fourth quarter. JPMorgan Chase & Co. now owns 162,987 shares of the business services provider’s stock valued at $2,272,000 after buying an additional 135,730 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Kelly Services in the 4th quarter worth approximately $1,732,000. Institutional investors own 76.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued 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 Trading Up 1.2 %

Shares of Kelly Services stock opened at $11.55 on Monday. Kelly Services, Inc. has a 12-month low of $10.80 and a 12-month high of $24.01. The firm has a market capitalization of $402.96 million, a price-to-earnings ratio of -192.47, a PEG ratio of 0.43 and a beta of 1.03. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The firm’s 50 day simple moving average is $12.67 and its two-hundred day simple moving average is $14.43.

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

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.30 annualized dividend and a yield of 2.60%. Kelly Services’s dividend payout ratio (DPR) is currently -500.00%.

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.