Kelly Services, Inc. $KELYA Shares Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in Kelly Services by 26.6%, owning 214,464 shares after acquiring an additional 45,115 shares during the first quarter.
• Kelly Services reported $1.10 billion in revenue for the last quarter, slightly below analysts' expectations, while its EPS matched consensus estimates at $0.54.
• The company declared a quarterly dividend of $0.075 per share, resulting in an annualized dividend of $0.30 and a yield of 2.2%.

Cubist Systematic Strategies LLC increased its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 26.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 214,464 shares of the business services provider's stock after purchasing an additional 45,115 shares during the period. Cubist Systematic Strategies LLC owned 0.61% of Kelly Services worth $2,824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC lifted its position in shares of Kelly Services by 5,012.7% during the first quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock valued at $37,000 after buying an additional 2,757 shares during the last quarter. Quarry LP purchased a new stake in shares of Kelly Services during the first quarter worth about $48,000. Palouse Capital Management Inc. grew its stake 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 during the last quarter. US Bancorp DE grew its stake in shares of Kelly Services by 8.1% during 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 during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Kelly Services during the fourth quarter worth about $158,000. 76.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KELYA. Wall Street Zen lowered Kelly Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Barrington Research restated an "outperform" rating and issued a $25.00 price objective on shares of Kelly Services in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Kelly Services has an average rating of "Buy" and an average price target of $25.00.

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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 48.09% of the stock is currently owned by corporate insiders.

Kelly Services Stock Performance

Shares of KELYA traded down $0.22 during mid-day trading on Monday, reaching $13.65. The company had a trading volume of 292,533 shares, compared to its average volume of 306,468. Kelly Services, Inc. has a 52-week low of $10.80 and a 52-week high of $22.44. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $481.19 million, a P/E ratio of -68.25, a PEG ratio of 0.50 and a beta of 0.89. The stock has a 50 day moving average of $13.28 and a two-hundred day moving average of $12.58.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its earnings results on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. On average, 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 declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, August 20th. 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.