Bridgeway Capital Management LLC Sells 171,507 Shares of Kelly Services, Inc. $KELYA

Key Points

• Bridgeway Capital Management LLC has reduced its stake in Kelly Services, Inc. by 34.3%, now holding around 0.94% of the company valued at approximately $4.33 million.
• Analysts have a consensus rating of "Buy" for Kelly Services, with a price target set at $25.00, despite recent downgrade adjustments.
• Kelly Services announced a quarterly dividend of $0.075 per share, representing an annualized dividend yield of 2.2%, though its payout ratio is currently at -150.00%.

Bridgeway Capital Management LLC decreased its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 34.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 329,212 shares of the business services provider's stock after selling 171,507 shares during the period. Bridgeway Capital Management LLC owned 0.94% of Kelly Services worth $4,336,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KELYA. Parallel Advisors LLC boosted its holdings in shares of Kelly Services by 5,012.7% during the 1st quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock worth $37,000 after buying an additional 2,757 shares during the period. Quarry LP bought a new stake in shares of Kelly Services during the 1st quarter worth about $48,000. Palouse Capital Management Inc. boosted its holdings in shares of Kelly Services by 33.6% during the 1st quarter. Palouse Capital Management Inc. now owns 10,944 shares of the business services provider's stock worth $144,000 after buying an additional 2,750 shares during the period. US Bancorp DE boosted its holdings in shares of Kelly Services by 8.1% during the 1st quarter. US Bancorp DE now owns 11,074 shares of the business services provider's stock worth $146,000 after buying an additional 833 shares during the period. Finally, Cetera Investment Advisers bought a new stake in shares of Kelly Services during the 4th quarter worth about $158,000. Institutional investors own 76.34% of the company's stock.

Kelly Services Price Performance

KELYA stock traded down $0.22 during trading on Monday, reaching $13.65. 292,533 shares of the company were exchanged, compared to its average volume of 306,468. Kelly Services, Inc. has a twelve month low of $10.80 and a twelve month 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 $481.19 million, a price-to-earnings ratio of -68.25, a P/E/G ratio of 0.50 and a beta of 0.89. The company has a 50-day moving average of $13.28 and a two-hundred day moving average of $12.58.

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

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Kelly Services's payout ratio is presently -150.00%.

Insider Activity at Kelly Services

In other news, SVP Daniel H. Malan sold 7,650 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $14.40, for a total value of $110,160.00. Following the sale, the senior vice president directly owned 87,631 shares of the company's stock, valued at approximately $1,261,886.40. This represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 48.09% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KELYA. Wall Street Zen cut shares of Kelly Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Barrington Research restated an "outperform" rating and issued a $25.00 target price on shares of Kelly Services in a research report on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $25.00.

About Kelly Services

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.