American Century Companies Inc. Decreases Holdings in Kelly Services, Inc. $KELYA

Key Points

• American Century Companies Inc. reduced its stake in Kelly Services by 9.0%, owning 816,615 shares valued at approximately $10.76 million after selling 80,540 shares in the first quarter.
• Kelly Services has recently received a consensus rating of "Buy" from analysts, with Barrington Research setting a target price of $25.00 per share.
• The company declared a quarterly dividend of $0.075 per share, granting an annual yield of 2.1%, with a payout ratio currently at -150.00%.

American Century Companies Inc. decreased its stake in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 816,615 shares of the business services provider's stock after selling 80,540 shares during the period. American Century Companies Inc. owned 2.34% of Kelly Services worth $10,755,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KELYA. Parallel Advisors LLC lifted its stake in Kelly Services by 5,012.7% in the first quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock valued at $37,000 after purchasing an additional 2,757 shares during the last quarter. Palouse Capital Management Inc. grew its stake in shares of 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 period. US Bancorp DE increased its holdings in Kelly Services by 8.1% in the 1st 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. Cetera Investment Advisers purchased a new stake in Kelly Services in the 4th quarter worth about $158,000. Finally, Blair William & Co. IL raised its stake in Kelly Services by 7.5% in the 1st quarter. Blair William & Co. IL now owns 12,842 shares of the business services provider's stock valued at $169,000 after acquiring an additional 898 shares during the period. Hedge funds and other institutional investors own 76.34% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KELYA shares. Wall Street Zen upgraded shares of Kelly Services from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of Kelly Services in a research note on Tuesday, May 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $25.00.

Insider Transactions at Kelly Services

In other Kelly Services news, SVP Daniel H. Malan sold 7,650 shares of Kelly Services stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $14.40, for a total transaction of $110,160.00. Following the completion of the sale, the senior vice president directly owned 87,631 shares in the company, valued at $1,261,886.40. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.90% of the stock is currently owned by insiders.

Kelly Services Price Performance

Shares of KELYA traded up $0.13 during midday trading on Monday, hitting $14.23. 174,217 shares of the company traded hands, compared to its average volume of 333,999. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $22.44. The firm has a market cap of $501.61 million, a P/E ratio of -71.15, a PEG ratio of 0.51 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. The stock has a 50-day moving average of $13.05 and a 200-day moving average of $12.58.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations 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 predict that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The business also recently announced 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. This represents a $0.30 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 20th. Kelly Services's dividend payout ratio (DPR) 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.