Hsbc Holdings PLC reduced its position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 58.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,399 shares of the business services provider's stock after selling 47,383 shares during the period. Hsbc Holdings PLC owned approximately 0.10% of Kelly Services worth $441,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Millennium Management LLC lifted its holdings in Kelly Services by 2,251.9% in the fourth quarter. Millennium Management LLC now owns 1,095,238 shares of the business services provider's stock valued at $15,268,000 after buying an additional 1,048,670 shares during the period. Nuveen LLC bought a new position in Kelly Services in the 1st quarter worth approximately $8,739,000. Jane Street Group LLC boosted its holdings in Kelly Services by 2,489.0% in the 4th quarter. Jane Street Group LLC now owns 603,057 shares of the business services provider's stock valued at $8,407,000 after purchasing an additional 579,764 shares during the period. Royce & Associates LP bought a new stake in shares of Kelly Services during the 1st quarter worth $5,947,000. Finally, D. E. Shaw & Co. Inc. raised its position in Kelly Services by 567.8% in 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 purchasing an additional 298,310 shares during the period. Institutional investors own 76.34% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Barrington Research reiterated an "outperform" rating and set a $25.00 price target on shares of Kelly Services in a research report on Tuesday, May 20th. Wall Street Zen downgraded shares of Kelly Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $25.00.
View Our Latest Stock Report on KELYA
Kelly Services Trading Down 0.6%
Shares of Kelly Services stock traded down $0.09 during trading on Friday, hitting $13.87. The stock had a trading volume of 164,586 shares, compared to its average volume of 331,705. The stock has a market cap of $488.92 million, a PE ratio of -69.35, a PEG ratio of 0.50 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, Inc. has a 12 month low of $10.80 and a 12 month high of $22.44. The firm's fifty day simple moving average is $13.24 and its 200-day simple moving average is $12.60.
Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. 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 fiscal year.
Kelly Services Announces Dividend
The business also recently disclosed 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 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Kelly Services's dividend payout ratio (DPR) is presently -150.00%.
Insider Buying and Selling at Kelly Services
In other Kelly Services news, SVP Daniel H. Malan sold 10,000 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $14.24, for a total value of $142,400.00. Following the completion of the sale, the senior vice president directly owned 95,281 shares of the company's stock, valued at $1,356,801.44. This trade represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 48.09% of the company's stock.
Kelly Services Company Profile
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Free Report)
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.
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