Caxton Associates LLP Purchases Shares of 37,065 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) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,065 shares of the business services provider's stock, valued at approximately $488,000. Caxton Associates LLP owned 0.11% of Kelly Services as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KELYA. Parallel Advisors LLC increased its position in shares of Kelly Services by 5,012.7% in the first quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock worth $37,000 after acquiring an additional 2,757 shares in the last quarter. Quarry LP acquired a new position in Kelly Services during the first quarter valued at $48,000. PharVision Advisers LLC purchased a new position in Kelly Services during the first quarter valued at approximately $136,000. Palouse Capital Management Inc. raised its holdings in shares of Kelly Services by 33.6% during the first quarter. Palouse Capital Management Inc. now owns 10,944 shares of the business services provider's stock worth $144,000 after acquiring an additional 2,750 shares in the last quarter. Finally, US Bancorp DE grew its position in Kelly Services by 8.1% in the first quarter. US Bancorp DE now owns 11,074 shares of the business services provider's stock worth $146,000 after acquiring an additional 833 shares in the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wall Street Zen raised Kelly Services from a "buy" rating to a "strong-buy" rating in a research report on Sunday. UBS Group reiterated an "outperform" rating on shares of Kelly Services in a report on Friday. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a research report on Friday, September 12th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kelly Services currently has an average rating of "Buy" and a consensus target price of $25.00.

Kelly Services Stock Up 0.7%

KELYA stock traded up $0.10 during trading hours on Wednesday, reaching $14.02. 46,633 shares of the stock were exchanged, compared to its average volume of 303,268. The firm's 50-day moving average is $13.42 and its 200-day moving average is $12.59. Kelly Services, Inc. has a 12 month low of $10.80 and a 12 month high of $22.44. The company has a market cap of $494.06 million, a price-to-earnings ratio of -70.10, a PEG ratio of 0.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.52.

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

Kelly Services Announces Dividend

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

Insider Buying and Selling at Kelly Services

In related news, SVP Daniel H. Malan sold 10,000 shares of Kelly Services stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $14.24, for a total value of $142,400.00. Following the sale, the senior vice president owned 95,281 shares of the company's stock, valued at approximately $1,356,801.44. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is owned by insiders.

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.