American Century Companies Inc. Has $10.76 Million Position 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. trimmed its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 816,615 shares of the business services provider's stock after selling 80,540 shares during the period. American Century Companies Inc. owned approximately 2.34% of Kelly Services worth $10,755,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KELYA. Boston Partners lifted its holdings in Kelly Services by 9.2% in the first quarter. Boston Partners now owns 2,062,292 shares of the business services provider's stock valued at $26,622,000 after buying an additional 172,903 shares during the period. Russell Investments Group Ltd. lifted its holdings in Kelly Services by 59.1% in the first quarter. Russell Investments Group Ltd. now owns 31,993 shares of the business services provider's stock valued at $421,000 after buying an additional 11,879 shares during the period. Nuveen LLC acquired a new position in Kelly Services in the first quarter valued at approximately $8,739,000. Aigen Investment Management LP lifted its holdings in Kelly Services by 40.8% in the first quarter. Aigen Investment Management LP now owns 29,109 shares of the business services provider's stock valued at $383,000 after buying an additional 8,436 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Kelly Services by 26.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 650,134 shares of the business services provider's stock valued at $8,562,000 after buying an additional 136,392 shares during the period. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Kelly Services from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 target price 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.com, the company presently has an average rating of "Buy" and an average target price of $25.00.

Kelly Services Stock Up 0.9%

Kelly Services stock traded up $0.13 during mid-day trading on Friday, reaching $14.23. The company's stock had a trading volume of 174,217 shares, compared to its average volume of 351,981. The company has a market capitalization of $501.61 million, a price-to-earnings ratio of -71.15, a price-to-earnings-growth ratio of 0.50 and a beta of 0.99. Kelly Services, Inc. has a 12 month low of $10.80 and a 12 month high of $22.44. The business's 50 day simple moving average is $12.99 and its 200 day simple moving average is $12.59. 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 (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, meeting analysts' consensus estimates of $0.54. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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, research analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.30 dividend on an annualized basis and a yield of 2.1%. Kelly Services's dividend payout ratio (DPR) is -150.00%.

Insiders Place Their Bets

In related news, SVP Daniel H. Malan sold 10,000 shares of the firm's stock in a transaction 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 approximately $1,356,801.44. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 48.09% of the company's stock.

Kelly Services 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.