Dimensional Fund Advisors LP Decreases Stock Holdings in Kelly Services, Inc. $KELYA

Key Points

• Dimensional Fund Advisors reduced its Kelly Services stake by 18%, selling 341,171 shares and retaining 1.56 million shares valued at $13.8 million. Institutional investors and hedge funds collectively own 76.34% of the company.
• Kelly Services reported quarterly EPS of $0.37 and revenue of $1.04 billion, beating analyst estimates, though EPS declined from $0.52 a year earlier and the company posted a negative net margin.
• Analysts maintain a consensus “Hold” rating with a $15 price target, while Kelly announced a quarterly dividend of $0.075 per share, equivalent to a 2.0% annualized yield.

Dimensional Fund Advisors LP reduced its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 18.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,559,283 shares of the business services provider's stock after selling 341,171 shares during the quarter. Dimensional Fund Advisors LP owned 4.56% of Kelly Services worth $13,800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of KELYA. The Manufacturers Life Insurance Company grew its holdings in shares of Kelly Services by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,949 shares of the business services provider's stock worth $140,000 after acquiring an additional 905 shares during the period. Quarry LP raised its holdings in Kelly Services by 173.2% during the third quarter. Quarry LP now owns 1,970 shares of the business services provider's stock worth $26,000 after purchasing an additional 1,249 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in Kelly Services by 14.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 10,706 shares of the business services provider's stock worth $94,000 after purchasing an additional 1,369 shares during the last quarter. Man Group plc boosted its position in Kelly Services by 6.6% during the second quarter. Man Group plc now owns 24,780 shares of the business services provider's stock worth $290,000 after purchasing an additional 1,532 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Kelly Services by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,850 shares of the business services provider's stock worth $166,000 after purchasing an additional 1,647 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barrington Research restated an "outperform" rating on shares of Kelly Services in a research report on Monday, June 29th. Zacks Research upgraded shares of Kelly Services from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Finally, Weiss Ratings cut shares of Kelly Services from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.00.

Insider Buying and Selling

In other Kelly Services news, EVP Vanessa Peterson Williams sold 29,999 shares of the business's stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $9.78, for a total value of $293,390.22. Following the completion of the transaction, the executive vice president directly owned 82,355 shares in the company, valued at approximately $805,431.90. The trade was a 26.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.40% of the company's stock.

Kelly Services Price Performance

NASDAQ:KELYA opened at $15.19 on Friday. The firm has a market cap of $526.64 million, a price-to-earnings ratio of -1.94, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. The company has a current ratio of 1.50, a quick ratio of 1.59 and a debt-to-equity ratio of 0.08. The company's 50-day moving average is $13.37 and its two-hundred day moving average is $10.94. Kelly Services, Inc. has a 12-month low of $7.98 and a 12-month high of $17.75.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.19. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. During the same period last year, the company earned $0.52 EPS. Research analysts expect that Kelly Services, Inc. will post 1.01 EPS for the current year.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Kelly Services's payout ratio is presently -3.95%.

More Kelly Services News

Here are the key news stories impacting Kelly Services this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Kelly reported adjusted earnings of $0.37 per share, above analyst estimates ranging from $0.18 to $0.24, while revenue of $1.04 billion surpassed the $1.01 billion consensus. The earnings beat provides a positive catalyst for the stock. Kelly Services Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Kelly maintained its quarterly dividend. Shareholders of record on August 19 will receive $0.075 per share on September 2, equivalent to $0.30 annually and a yield of approximately 1.9%. The dividend supports the stock’s income appeal.
• Neutral Sentiment: Management issued third-quarter revenue guidance of $916.3 million to $935.0 million. The midpoint of approximately $925.7 million is close to, but slightly below, the $929.3 million analyst consensus, suggesting broadly stable expectations but limited near-term upside from revenue growth.
• Negative Sentiment: Profitability weakened compared with last year. Second-quarter EPS declined from $0.52 in the prior-year period to $0.37, despite the estimate beat. Kelly also continued to report a negative net margin, which may be weighing on investor sentiment and offsetting the headline earnings surprise. Kelly Reports Second-Quarter 2026 Earnings

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source