Magnetar Financial LLC Buys Shares of 29,105 Kelly Services, Inc. $KELYA

Key Points

• Magnetar Financial LLC has acquired a new stake in Kelly Services, Inc., purchasing 29,105 shares valued at approximately $383,000, now constituting around 0.08% of the company.
• Kelly Services reported a quarterly earnings per share (EPS) of $0.54, matching analysts' expectations, with a revenue of $1.10 billion, slightly below the consensus estimate.
• The company declared a quarterly dividend of $0.075 per share, indicating an annualized dividend of $0.30, despite a negative dividend payout ratio of -150.00%.

Magnetar Financial LLC purchased a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,105 shares of the business services provider's stock, valued at approximately $383,000. Magnetar Financial LLC owned approximately 0.08% of Kelly Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Walleye Capital LLC raised its stake in shares of Kelly Services by 98.3% during the first quarter. Walleye Capital LLC now owns 142,892 shares of the business services provider's stock worth $1,882,000 after acquiring an additional 70,846 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Kelly Services in the first quarter worth $765,000. Credit Agricole S A purchased a new position in shares of Kelly Services in the first quarter worth $790,000. Boston Partners increased its stake in shares of Kelly Services by 9.2% in the first quarter. Boston Partners now owns 2,062,292 shares of the business services provider's stock worth $26,622,000 after buying an additional 172,903 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of 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 worth $421,000 after buying an additional 11,879 shares during the period. 76.34% of the stock is owned by hedge funds and other institutional investors.

Kelly Services Stock Down 0.6%

Shares of NASDAQ:KELYA traded down $0.09 during midday trading on Friday, reaching $13.87. The company's stock had a trading volume of 164,586 shares, compared to its average volume of 331,705. The firm has a 50 day moving average of $13.24 and a 200-day moving average of $12.60. The firm has a market capitalization of $488.92 million, a P/E ratio of -69.35, a PEG ratio of 0.50 and a beta of 0.89. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. Kelly Services, Inc. has a 12-month low of $10.80 and a 12-month 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 analysts' consensus estimates of $0.54. The firm had revenue of $1.10 billion for 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. On average, research analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The company 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. The ex-dividend date was Wednesday, August 20th. This represents a $0.30 dividend on an annualized basis and a yield of 2.2%. Kelly Services's payout ratio is presently -150.00%.

Analyst Ratings Changes

Several research firms recently weighed in on KELYA. Barrington Research reiterated an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a report on Tuesday, May 20th. Wall Street Zen cut shares of Kelly Services from a "strong-buy" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Kelly Services presently has a consensus rating of "Buy" and a consensus price target of $25.00.

Insider Transactions at Kelly Services

In related news, SVP Daniel H. Malan sold 10,000 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $14.24, for a total value of $142,400.00. Following 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 SEC, which is available at this hyperlink. 48.09% of the stock is currently owned by insiders.

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.