AlphaQuest LLC Takes Position in Kelly Services, Inc. $KELYA

Key Points

• AlphaQuest LLC has invested approximately $765,000 in Kelly Services, acquiring 58,064 shares during the first quarter, increasing its ownership to about 0.17% of the company.
• Research analysts have a positive outlook on Kelly Services, with a consensus rating of "Buy" and a price target of $25.00, indicating potential growth.
• Kelly Services announced a quarterly dividend of $0.075, representing a 2.0% yield, despite having a negative net margin of -0.14% in its recent quarterly earnings report.

AlphaQuest LLC purchased a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 58,064 shares of the business services provider's stock, valued at approximately $765,000. AlphaQuest LLC owned about 0.17% of Kelly Services at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KELYA. Millennium Management LLC raised its stake in Kelly Services by 2,251.9% during the fourth quarter. Millennium Management LLC now owns 1,095,238 shares of the business services provider's stock worth $15,268,000 after purchasing an additional 1,048,670 shares during the period. Nuveen LLC purchased a new stake in shares of Kelly Services in the 1st quarter valued at approximately $8,739,000. Jane Street Group LLC raised its stake in shares of Kelly Services by 2,489.0% in the 4th quarter. Jane Street Group LLC now owns 603,057 shares of the business services provider's stock valued at $8,407,000 after acquiring an additional 579,764 shares during the period. Royce & Associates LP purchased a new stake in shares of Kelly Services in the 1st quarter valued at approximately $5,947,000. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Kelly Services by 567.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 350,849 shares of the business services provider's stock valued at $4,891,000 after acquiring an additional 298,310 shares during the period. 76.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kelly Services news, SVP Daniel H. Malan sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were 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 in the company, valued at $1,356,801.44. The trade was a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 48.09% of the stock is owned by company insiders.

Kelly Services Stock Down 0.5%

NASDAQ KELYA traded down $0.07 on Thursday, hitting $14.10. 222,290 shares of the stock were exchanged, compared to its average volume of 306,762. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. Kelly Services, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $22.44. The company has a market cap of $497.03 million, a PE ratio of -70.50, a PEG ratio of 0.51 and a beta of 0.99. The company has a 50-day moving average price of $12.87 and a 200-day moving average price of $12.58.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KELYA shares. Wall Street Zen raised shares of 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 note on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $25.00.

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.