Jacobs Levy Equity Management Inc. Has $6.59 Million Stake in Kelly Services, Inc. $KELYA

Jacobs Levy Equity Management Inc. grew its position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 35.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500,683 shares of the business services provider's stock after acquiring an additional 131,366 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.44% of Kelly Services worth $6,594,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KELYA. Parallel Advisors LLC boosted its position in Kelly Services by 5,012.7% during the 1st 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 during the last quarter. Quarry LP acquired a new position in Kelly Services during the 1st quarter worth approximately $48,000. Palouse Capital Management Inc. boosted its position in Kelly Services by 33.6% during the 1st 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 during the last quarter. US Bancorp DE boosted its holdings in shares of Kelly Services by 8.1% in the 1st quarter. US Bancorp DE now owns 11,074 shares of the business services provider's stock valued at $146,000 after buying an additional 833 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Kelly Services in the fourth quarter valued at $158,000. Institutional investors and hedge funds own 76.34% of the company's stock.

Analyst Ratings Changes

KELYA has been the subject of several analyst reports. Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Kelly Services in a research note on Friday. Wall Street Zen cut shares of Kelly Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 6th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $25.00.

Insider Transactions at Kelly Services

In related news, SVP Daniel H. Malan sold 10,000 shares of the 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 of the company's stock, valued at $1,356,801.44. This represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 48.09% of the stock is currently owned by corporate insiders.

Kelly Services Price Performance

Shares of NASDAQ KELYA traded down $0.17 during trading hours on Friday, hitting $13.64. 228,410 shares of the stock were exchanged, compared to its average volume of 285,725. The company's fifty day simple moving average is $13.37 and its two-hundred day simple moving average is $12.58. The company has a market cap of $480.81 million, a PE ratio of -68.20, a price-to-earnings-growth ratio of 0.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.52 and a current ratio of 1.52. 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 released its earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%.The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations 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 year.

Kelly Services Dividend Announcement

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

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.