Barrow Hanley Mewhinney & Strauss LLC Has $2.80 Million Position in Kelly Services, Inc. (NASDAQ:KELYA)

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,639 shares of the business services provider’s stock after selling 52,957 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.35% of Kelly Services worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Man Group plc raised its holdings in Kelly Services by 45.0% during the third quarter. Man Group plc now owns 91,850 shares of the business services provider’s stock worth $2,208,000 after purchasing an additional 28,504 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Kelly Services by 4.1% during the third quarter. Vanguard Group Inc. now owns 3,093,327 shares of the business services provider’s stock worth $74,333,000 after acquiring an additional 120,713 shares during the last quarter. Arizona State Retirement System grew its position in shares of Kelly Services by 6.3% during the fourth quarter. Arizona State Retirement System now owns 48,021 shares of the business services provider’s stock worth $983,000 after acquiring an additional 2,865 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Kelly Services by 1.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 41,945 shares of the business services provider’s stock worth $930,000 after acquiring an additional 482 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Kelly Services by 315.2% during the fourth quarter. Bessemer Group Inc. now owns 62,700 shares of the business services provider’s stock worth $1,284,000 after acquiring an additional 47,600 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors.

In other Kelly Services news, insider Teresa Carroll sold 6,959 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $24.13, for a total value of $167,920.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Olivier Thirot sold 5,400 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $22.12, for a total value of $119,448.00. Following the completion of the sale, the insider now directly owns 73,802 shares of the company’s stock, valued at approximately $1,632,500.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,487 shares of company stock worth $411,008. 12.10% of the stock is currently owned by insiders.

NASDAQ:KELYA traded up $0.01 during midday trading on Friday, reaching $22.33. The stock had a trading volume of 67,156 shares, compared to its average volume of 101,668. Kelly Services, Inc. has a 12-month low of $19.21 and a 12-month high of $32.31. The firm has a market cap of $868.01 million, a price-to-earnings ratio of 9.84 and a beta of 0.81.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Wednesday, February 13th. The business services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Kelly Services had a net margin of 0.42% and a return on equity of 7.64%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm posted $0.80 EPS. Kelly Services’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Kelly Services, Inc. will post 2.35 earnings per share for the current year.

A number of brokerages have recently issued reports on KELYA. BidaskClub upgraded shares of Kelly Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. TheStreet lowered shares of Kelly Services from a “b” rating to a “c+” rating in a research report on Thursday, February 14th. Zacks Investment Research upgraded shares of Kelly Services from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, ValuEngine lowered shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Kelly Services has an average rating of “Hold” and an average target price of $32.00.

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About Kelly Services

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, 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.

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Institutional Ownership by Quarter for Kelly Services (NASDAQ:KELYA)

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