Boston Partners Grows Stock Position in Kelly Services, Inc. $KELYA

Key Points

• Boston Partners has increased its stake in Kelly Services, Inc. (KELYA) by 9.2%, now owning over 2 million shares valued at approximately $26.6 million.
• Analysts have mixed views on KELYA, with Barrington Research maintaining an "outperform" rating and a $25.00 price target, while Wall Street Zen downgraded the stock from "buy" to "hold".
• Kelly Services is set to pay a quarterly dividend of $0.075 per share on September 3rd, representing an annualized yield of 2.1% despite a negative dividend payout ratio of -150.00%.

Boston Partners grew its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 9.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,062,292 shares of the business services provider's stock after purchasing an additional 172,903 shares during the period. Boston Partners owned about 5.91% of Kelly Services worth $26,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC increased its stake in Kelly Services by 2,251.9% in 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. Geode Capital Management LLC increased its stake in Kelly Services by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider's stock worth $11,031,000 after purchasing an additional 9,464 shares during the period. Nuveen LLC purchased a new stake in Kelly Services in the first quarter worth $8,739,000. Charles Schwab Investment Management Inc. grew its position 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 buying an additional 136,392 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Kelly Services by 2,489.0% during the 4th quarter. Jane Street Group LLC now owns 603,057 shares of the business services provider's stock worth $8,407,000 after buying an additional 579,764 shares in the last quarter. Hedge funds and other institutional investors own 76.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barrington Research reissued an "outperform" rating and set a $25.00 price target on shares of Kelly Services in a research report on Tuesday, May 20th. Wall Street Zen downgraded Kelly Services from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Kelly Services presently has a consensus rating of "Buy" and a consensus price target of $25.00.

Kelly Services Stock Up 1.0%

KELYA stock traded up $0.14 during trading on Wednesday, reaching $14.37. 448,084 shares of the company traded hands, compared to its average volume of 347,246. Kelly Services, Inc. has a 12 month low of $10.80 and a 12 month high of $22.44. The business has a 50 day simple moving average of $12.61 and a 200 day simple moving average of $12.56. The company has a market capitalization of $506.57 million, a price-to-earnings ratio of -71.85, a price-to-earnings-growth ratio of 0.51 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.52 and a current ratio of 1.52.

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

Kelly Services Dividend Announcement

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 given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.30 dividend on an annualized basis and a yield of 2.1%. Kelly Services's dividend payout ratio (DPR) is presently -150.00%.

Kelly Services Company 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.