State of Alaska Department of Revenue boosted its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 77.4% during the second quarter, Holdings Channel reports. The institutional investor owned 5,731 shares of the business services provider’s stock after buying an additional 2,501 shares during the period. State of Alaska Department of Revenue’s holdings in Kelly Services were worth $128,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KELYA. Mason Street Advisors LLC raised its position in Kelly Services by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,837 shares of the business services provider’s stock valued at $149,000 after buying an additional 449 shares during the last quarter. Victory Capital Management Inc. raised its position in Kelly Services by 34.6% in the first quarter. Victory Capital Management Inc. now owns 7,213 shares of the business services provider’s stock valued at $158,000 after buying an additional 1,856 shares during the last quarter. Eqis Capital Management Inc. raised its position in Kelly Services by 3.3% in the first quarter. Eqis Capital Management Inc. now owns 10,937 shares of the business services provider’s stock valued at $239,000 after buying an additional 347 shares during the last quarter. Menta Capital LLC bought a new position in Kelly Services during the first quarter valued at $241,000. Finally, Louisiana State Employees Retirement System raised its position in Kelly Services by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the business services provider’s stock valued at $260,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.86% of the company’s stock.

Kelly Services, Inc. (NASDAQ:KELYA) traded down 1.83% during trading on Friday, reaching $21.41. The company’s stock had a trading volume of 29,429 shares. The firm has a 50 day moving average price of $22.56 and a 200-day moving average price of $22.18. Kelly Services, Inc. has a 52-week low of $18.01 and a 52-week high of $24.70. The stock has a market cap of $819.98 million, a price-to-earnings ratio of 6.42 and a beta of 0.98.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. Kelly Services had a return on equity of 6.88% and a net margin of 2.58%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $0.29 EPS. The business’s revenue was down 3.0% on a year-over-year basis. On average, analysts expect that Kelly Services, Inc. will post $1.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd will be given a $0.075 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.38%. Kelly Services’s dividend payout ratio (DPR) is presently 8.85%.

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Several equities analysts have weighed in on KELYA shares. ValuEngine raised Kelly Services from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Northcoast Research reissued a “neutral” rating on shares of Kelly Services in a research note on Friday, May 12th. Zacks Investment Research raised Kelly Services from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, May 16th. Finally, BidaskClub raised Kelly Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th.

In other Kelly Services news, Director Donald R. Parfet sold 22,029 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $23.10, for a total value of $508,869.90. Following the sale, the director now owns 23,520 shares in the company, valued at approximately $543,312. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Antonina M. Ramsey sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $24.13, for a total value of $361,950.00. Following the completion of the sale, the insider now owns 47,678 shares in the company, valued at approximately $1,150,470.14. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.

About Kelly Services

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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