Kelly Services, Inc. (NASDAQ:KELYA) Short Interest Update

Kelly Services, Inc. (NASDAQ:KELYA) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 737,600 shares, a decrease of 11.8% from the May 31st total of 836,400 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily volume of 231,500 shares, the days-to-cover ratio is currently 3.2 days.

Kelly Services Trading Up 0.4 %

KELYA stock traded up $0.08 during trading on Tuesday, reaching $21.33. 185,718 shares of the stock were exchanged, compared to its average volume of 240,810. The business has a 50 day moving average price of $22.26 and a 200-day moving average price of $22.47. Kelly Services has a 1 year low of $16.80 and a 1 year high of $25.27. The firm has a market capitalization of $757.64 million, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.77 and a beta of 1.22.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, May 9th. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. Kelly Services had a net margin of 1.11% and a return on equity of 6.87%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. On average, research analysts anticipate that Kelly Services will post 2.13 EPS for the current year.

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Friday, May 17th. Kelly Services’s dividend payout ratio is presently 21.58%.

Institutional Investors Weigh In On Kelly Services

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Kelly Services during the first quarter valued at about $125,000. Lazard Asset Management LLC acquired a new stake in shares of Kelly Services during the first quarter valued at about $177,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Kelly Services during the first quarter valued at about $221,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Kelly Services in the first quarter valued at approximately $225,000. Finally, Brandes Investment Partners LP acquired a new position in shares of Kelly Services in the fourth quarter valued at approximately $259,000. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and set a $29.00 price target on shares of Kelly Services in a research report on Tuesday, May 28th.

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.