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 purchased a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 60,000 shares of the business services provider's stock, valued at approximately $790,000. Credit Agricole S A owned about 0.17% of Kelly Services as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Boston Partners lifted its stake 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 valued at $26,622,000 after purchasing an additional 172,903 shares during the period. Russell Investments Group Ltd. increased its holdings in Kelly Services by 59.1% in the first quarter. Russell Investments Group Ltd. now owns 31,993 shares of the business services provider's stock valued at $421,000 after buying an additional 11,879 shares in the last quarter. Nuveen LLC acquired a new position in shares of Kelly Services in the first quarter worth about $8,739,000. Aigen Investment Management LP boosted its stake in shares of Kelly Services by 40.8% during the 1st quarter. Aigen Investment Management LP now owns 29,109 shares of the business services provider's stock worth $383,000 after acquiring an additional 8,436 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Kelly Services by 26.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 650,134 shares of the business services provider's stock worth $8,562,000 after acquiring an additional 136,392 shares in the last quarter. Hedge funds and other institutional investors own 76.34% of the company's stock.

Insiders Place Their Bets

In other Kelly Services news, SVP Daniel H. Malan sold 10,000 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $14.24, for a total transaction of $142,400.00. Following the completion of the transaction, the senior vice president owned 95,281 shares of the company's stock, valued at approximately $1,356,801.44. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 48.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KELYA. Wall Street Zen raised Kelly Services from a "buy" rating to a "strong-buy" rating in a report 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 note on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $25.00.

Kelly Services Stock Performance

Shares of KELYA stock traded up $0.13 during trading hours on Friday, reaching $14.23. 174,217 shares of the company's stock were exchanged, compared to its average volume of 305,958. The company has a market cap of $501.61 million, a P/E ratio of -71.15, a price-to-earnings-growth ratio of 0.51 and a beta of 0.99. The company's 50 day moving average is $12.92 and its two-hundred day moving average is $12.59. Kelly Services, Inc. has a 1 year low of $10.80 and a 1 year high of $22.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.52.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.54 earnings per share 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 the consensus estimate of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

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