Caxton Associates LLP Acquires New Position in Kelly Services, Inc. $KELYA

Key Points

• Caxton Associates LLP has acquired a new stake in Kelly Services, Inc. by purchasing 37,065 shares valued at approximately $488,000, representing about 0.11% of the company.
• Kelly Services announced a quarterly dividend of $0.075 per share, yielding 2.2%, despite a negative dividend payout ratio of -150.00%.
• Shares of Kelly Services reached 4.8% increase recently, with analysts setting a target price of $25.00 after reaffirming a "buy" recommendation.

Caxton Associates LLP bought a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,065 shares of the business services provider's stock, valued at approximately $488,000. Caxton Associates LLP owned approximately 0.11% of Kelly Services at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Petrus Trust Company LTA acquired a new position in shares of Kelly Services during the first quarter worth $442,000. PharVision Advisers LLC acquired a new position in shares of Kelly Services during the first quarter worth $136,000. Millennium Management LLC grew its stake in shares of Kelly Services by 8.5% during the first quarter. Millennium Management LLC now owns 1,188,264 shares of the business services provider's stock worth $15,649,000 after purchasing an additional 93,026 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Kelly Services by 35.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 500,683 shares of the business services provider's stock worth $6,594,000 after purchasing an additional 131,366 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Kelly Services by 24.3% during the first quarter. AQR Capital Management LLC now owns 373,269 shares of the business services provider's stock worth $4,916,000 after purchasing an additional 73,040 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company's stock.

Kelly Services Price Performance

Shares of KELYA traded up $0.03 during mid-day trading on Tuesday, reaching $13.81. 85,174 shares of the company's stock were exchanged, compared to its average volume of 304,013. Kelly Services, Inc. has a 52-week low of $10.80 and a 52-week high of $22.44. The company has a 50-day simple moving average of $13.40 and a two-hundred day simple moving average of $12.58. The company has a market cap of $486.63 million, a price-to-earnings ratio of -69.05, a PEG ratio of 0.49 and a beta of 0.89. 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 (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, 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 for the quarter, compared to analyst estimates of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Dividend Announcement

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

Insider Buying and Selling 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 of the company's stock, 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KELYA shares. Barrington Research reaffirmed an "outperform" rating and set a $25.00 price objective on shares of Kelly Services in a report on Friday. UBS Group reaffirmed an "outperform" rating on shares of Kelly Services in a report on Friday. Finally, Wall Street Zen raised Kelly Services from a "buy" rating to a "strong-buy" rating in a report on Sunday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $25.00.

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.