Charles Schwab Investment Management Inc. Boosts Position in Kelly Services, Inc. $KELYA

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Kelly Services, Inc. by 26.5% during the first quarter, owning 650,134 shares valued at approximately $8.56 million.
• Recent institutional investment activity includes Parallel Advisors LLC raising its stake by over 5,000% and Palouse Capital Management Inc. increasing its stake by 33.6%, reflecting growing interest in the company.
• Wall Street analysts have shown optimism towards Kelly Services, upgrading the stock from a "buy" to a "strong-buy" rating and setting an average price target of $25.00.

Charles Schwab Investment Management Inc. grew its stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 26.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 650,134 shares of the business services provider's stock after purchasing an additional 136,392 shares during the period. Charles Schwab Investment Management Inc. owned about 1.86% of Kelly Services worth $8,562,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KELYA. Millennium Management LLC boosted its position in 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 purchasing an additional 1,048,670 shares in the last quarter. Jane Street Group LLC raised its stake 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 during the period. Royce & Associates LP acquired a new position in shares of Kelly Services during the 1st quarter worth approximately $5,947,000. D. E. Shaw & Co. Inc. raised its stake in shares of 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 worth $4,891,000 after buying an additional 298,310 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Kelly Services by 438.2% during the 4th quarter. Two Sigma Investments LP now owns 339,758 shares of the business services provider's stock worth $4,736,000 after buying an additional 276,633 shares during the period. Hedge funds and other institutional investors own 76.34% of the company's stock.

Analyst Upgrades and Downgrades

KELYA has been the subject of several research analyst reports. Wall Street Zen raised Kelly Services from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Barrington Research reaffirmed an "outperform" rating and set a $25.00 target price on shares of Kelly Services in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $25.00.

Insider Transactions at Kelly Services

In related news, SVP Daniel H. Malan sold 10,000 shares of Kelly Services stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $14.24, for a total value of $142,400.00. Following the completion of the transaction, the senior vice president owned 95,281 shares in the company, valued at $1,356,801.44. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is owned by corporate insiders.

Kelly Services Stock Up 0.9%

Shares of KELYA traded up $0.13 during midday trading on Friday, hitting $14.23. The company had a trading volume of 174,217 shares, compared to its average volume of 333,999. The company's 50-day simple moving average is $12.99 and its 200-day simple moving average is $12.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $501.61 million, a P/E ratio of -71.15, a P/E/G ratio of 0.51 and a beta of 0.89. Kelly Services, Inc. has a 1 year low of $10.80 and a 1 year high of $22.44.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share (EPS) 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

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

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.