AlphaQuest LLC Invests $765,000 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 bought a new position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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.

Several other institutional investors have also recently made changes to their positions in KELYA. Millennium Management LLC lifted its holdings in shares of Kelly Services by 2,251.9% in the 4th quarter. Millennium Management LLC now owns 1,095,238 shares of the business services provider's stock worth $15,268,000 after acquiring an additional 1,048,670 shares during the last quarter. Nuveen LLC bought a new stake in shares of Kelly Services in the 1st quarter worth about $8,739,000. Jane Street Group LLC lifted its holdings 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 worth $8,407,000 after acquiring an additional 579,764 shares during the last quarter. Royce & Associates LP bought a new stake in Kelly Services during the 1st quarter valued at about $5,947,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Kelly Services by 567.8% during 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 buying an additional 298,310 shares in the last quarter. Institutional investors own 76.34% of the company's stock.

Insider Activity at Kelly Services

In other news, SVP Daniel H. Malan sold 7,650 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $14.40, for a total value 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. The trade was a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 48.09% of the company's stock.

Kelly Services Stock Up 0.9%

Shares of NASDAQ:KELYA traded up $0.13 during trading hours on Friday, hitting $14.23. The company's stock had a trading volume of 174,217 shares, compared to its average volume of 351,981. Kelly Services, Inc. has a 52 week low of $10.80 and a 52 week 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. The company has a market capitalization of $501.61 million, a price-to-earnings ratio of -71.15, a P/E/G ratio of 0.51 and a beta of 0.99. The firm's fifty day moving average price is $12.99 and its 200 day moving average price is $12.59.

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, meeting 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 business 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. As a group, research analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KELYA. Barrington Research reiterated an "outperform" rating and set a $25.00 price objective on shares of Kelly Services in a report on Tuesday, May 20th. Wall Street Zen upgraded shares of Kelly Services from a "buy" rating to a "strong-buy" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price 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.