Russell Investments Group Ltd. trimmed its holdings in shares of Kelly Services, Inc. Class A (NASDAQ:KELYA) by 36.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,689 shares of the business services provider’s stock after selling 100,426 shares during the period. Russell Investments Group Ltd.’s holdings in Kelly Services, Inc. Class A were worth $3,980,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Kelly Services, Inc. Class A by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 234,517 shares of the business services provider’s stock worth $6,810,000 after buying an additional 5,228 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Kelly Services, Inc. Class A by 614.0% during the 2nd quarter. Victory Capital Management Inc. now owns 84,091 shares of the business services provider’s stock worth $1,888,000 after buying an additional 72,313 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Kelly Services, Inc. Class A by 53.3% during the 1st quarter. Legal & General Group Plc now owns 90,848 shares of the business services provider’s stock worth $2,633,000 after buying an additional 31,583 shares during the last quarter. TD Asset Management Inc. acquired a new position in shares of Kelly Services, Inc. Class A during the 2nd quarter worth about $1,697,000. Finally, Aperio Group LLC boosted its stake in shares of Kelly Services, Inc. Class A by 3.4% during the 1st quarter. Aperio Group LLC now owns 182,697 shares of the business services provider’s stock worth $5,306,000 after buying an additional 6,039 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.

Shares of NASDAQ:KELYA opened at $24.57 on Tuesday. Kelly Services, Inc. Class A has a 52-week low of $21.44 and a 52-week high of $32.31. The stock has a market capitalization of $965.03 million, a P/E ratio of 11.10 and a beta of 0.89.

Kelly Services, Inc. Class A (NASDAQ:KELYA) last issued its earnings results on Wednesday, August 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.11. Kelly Services, Inc. Class A had a net margin of 0.99% and a return on equity of 7.62%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the business posted $0.47 EPS. Kelly Services, Inc. Class A’s revenue was up 4.0% on a year-over-year basis. equities analysts predict that Kelly Services, Inc. Class A will post 2.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Tuesday, August 21st were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, August 20th. This represents a $0.30 annualized dividend and a yield of 1.22%. Kelly Services, Inc. Class A’s dividend payout ratio (DPR) is currently 13.64%.

Several brokerages recently issued reports on KELYA. BidaskClub upgraded shares of Kelly Services, Inc. Class A from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Sidoti began coverage on shares of Kelly Services, Inc. Class A in a research note on Friday, August 24th. They issued a “buy” rating and a $37.00 target price for the company. Northcoast Research upgraded shares of Kelly Services, Inc. Class A from a “neutral” rating to a “buy” rating in a research note on Friday, June 1st. ValuEngine upgraded shares of Kelly Services, Inc. Class A from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. Finally, Zacks Investment Research upgraded shares of Kelly Services, Inc. Class A from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.50.

Kelly Services, Inc. Class A Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions (GTS), and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

Read More: Technical Analysis of Stocks and What It Means

Want to see what other hedge funds are holding KELYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kelly Services, Inc. Class A (NASDAQ:KELYA).

Institutional Ownership by Quarter for Kelly Services, Inc. Class A (NASDAQ:KELYA)

Receive News & Ratings for Kelly Services Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelly Services Inc. Class A and related companies with MarketBeat.com's FREE daily email newsletter.