Credit Agricole S A Invests $790,000 in Kelly Services, Inc. $KELYA

Key Points

• Credit Agricole S A acquired 60,000 shares of Kelly Services, Inc. valued at approximately $790,000 during the first quarter.
• The company recently announced a quarterly dividend of $0.075 per share, reflecting an annualized yield of 2.1%.
• Equity research analysts have raised their ratings on Kelly Services, with Barrington Research setting a price target of $25.00 per share.

Credit Agricole S A acquired a new stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 60,000 shares of the business services provider's stock, valued at approximately $790,000. Credit Agricole S A owned approximately 0.17% of Kelly Services at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Boston Partners raised its holdings in shares of Kelly Services by 9.2% in the 1st quarter. Boston Partners now owns 2,062,292 shares of the business services provider's stock worth $26,622,000 after acquiring an additional 172,903 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Kelly Services by 59.1% in the 1st quarter. Russell Investments Group Ltd. now owns 31,993 shares of the business services provider's stock worth $421,000 after acquiring an additional 11,879 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Kelly Services in the first quarter worth approximately $8,739,000. Aigen Investment Management LP raised its stake in shares of Kelly Services by 40.8% in the first quarter. Aigen Investment Management LP now owns 29,109 shares of the business services provider's stock worth $383,000 after purchasing an additional 8,436 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kelly Services by 26.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 650,134 shares of the business services provider's stock worth $8,562,000 after purchasing an additional 136,392 shares during the last quarter. 76.34% of the stock is owned by institutional investors.

Insider Transactions at Kelly Services

In related news, SVP Daniel H. Malan sold 7,650 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $14.40, for a total transaction of $110,160.00. Following the completion of the sale, the senior vice president owned 87,631 shares in the company, valued at approximately $1,261,886.40. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KELYA. Wall Street Zen raised Kelly Services from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Barrington Research reissued an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a research report on Tuesday, May 20th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $25.00.

Kelly Services Stock Performance

Shares of KELYA traded up $0.13 on Friday, reaching $14.23. 174,217 shares of the company's stock traded hands, compared to its average volume of 333,999. Kelly Services, Inc. has a 52-week low of $10.80 and a 52-week high of $22.44. The stock has a market cap of $501.61 million, a PE ratio of -71.15, a PEG ratio of 0.51 and a beta of 0.89. The stock's 50 day simple moving average is $12.99 and its two-hundred day simple moving average is $12.58. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.06.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%.The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. On average, analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, August 20th. Kelly Services's dividend payout ratio (DPR) is -150.00%.

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.