Nuveen LLC Takes Position in Kelly Services, Inc. $KELYA

Key Points

• Nuveen LLC acquired a new position in Kelly Services, purchasing 663,553 shares valued at approximately $8.74 million during the first quarter.
• Several institutional investors significantly increased their stakes in Kelly Services, with Millennium Management expanding its holdings by 2,251.9% in the fourth quarter.
• Analysts have a positive outlook for Kelly Services, with an average target price of $25.00, and the stock currently holds an average rating of "Buy" according to MarketBeat.com.

Nuveen LLC bought a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 663,553 shares of the business services provider's stock, valued at approximately $8,739,000. Nuveen LLC owned approximately 1.90% of Kelly Services at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kelly Services by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,786 shares of the business services provider's stock valued at $248,000 after purchasing an additional 760 shares in the last quarter. US Bancorp DE increased its holdings in shares of Kelly Services by 8.1% during the 1st quarter. US Bancorp DE now owns 11,074 shares of the business services provider's stock valued at $146,000 after purchasing an additional 833 shares in the last quarter. Blair William & Co. IL increased its holdings 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 worth $169,000 after acquiring an additional 898 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Kelly Services by 22.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,383 shares of the business services provider's stock worth $173,000 after acquiring an additional 2,298 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in Kelly Services by 11.9% in the 1st quarter. XTX Topco Ltd now owns 22,915 shares of the business services provider's stock worth $302,000 after acquiring an additional 2,434 shares in the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Daniel H. Malan sold 7,650 shares of the company's stock in a transaction 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 owned 87,631 shares of the company's stock, valued at $1,261,886.40. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 48.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barrington Research reissued 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 raised shares of Kelly Services from a "buy" rating to a "strong-buy" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Kelly Services has a consensus rating of "Buy" and an average price target of $25.00.

Kelly Services Price Performance

Shares of Kelly Services stock traded up $0.16 during trading hours on Friday, reaching $14.26. 17,923 shares of the company's stock were exchanged, compared to its average volume of 305,002. Kelly Services, Inc. has a 1 year low of $10.80 and a 1 year high of $22.44. The company has a market capitalization of $502.52 million, a P/E ratio of -71.27, a price-to-earnings-growth ratio of 0.51 and a beta of 0.99. The business has a fifty day moving average of $12.92 and a two-hundred day moving average of $12.59. 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 (NASDAQ:KELYA - Get Free Report) last released its earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.54. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

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