Petrus Trust Company LTA Buys New Shares in Kelly Services, Inc. $KELYA

Petrus Trust Company LTA purchased a new position in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,586 shares of the business services provider's stock, valued at approximately $442,000. Petrus Trust Company LTA owned approximately 0.10% of Kelly Services at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Kelly Services by 5,012.7% in the 1st quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock worth $37,000 after purchasing an additional 2,757 shares in the last quarter. Quarry LP purchased a new stake in shares of Kelly Services in the 1st quarter worth approximately $48,000. PharVision Advisers LLC purchased a new stake in shares of Kelly Services in the 1st quarter worth approximately $136,000. Palouse Capital Management Inc. grew its stake in shares of Kelly Services by 33.6% in the 1st quarter. Palouse Capital Management Inc. now owns 10,944 shares of the business services provider's stock worth $144,000 after buying an additional 2,750 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of 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 buying an additional 833 shares during the last quarter. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KELYA has been the topic of several recent research reports. Wall Street Zen downgraded Kelly Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 6th. Barrington Research restated an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a research note on Friday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $25.00.

Insider Buying and Selling at Kelly Services

In other news, SVP Daniel H. Malan sold 10,000 shares of Kelly Services stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $14.24, for a total transaction of $142,400.00. Following the transaction, the senior vice president owned 95,281 shares in the company, valued at $1,356,801.44. This trade represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 48.09% of the stock is owned by corporate insiders.

Kelly Services Stock Down 1.2%

Shares of KELYA traded down $0.17 on Friday, hitting $13.64. 228,410 shares of the stock traded hands, compared to its average volume of 285,725. The company has a market capitalization of $480.81 million, a PE ratio of -68.20, a P/E/G ratio of 0.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.52 and a current ratio of 1.52. The business has a 50 day simple moving average of $13.37 and a 200 day simple moving average of $12.58. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $22.44.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted 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 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 the consensus estimate of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.075 per share. 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 dividend payout ratio (DPR) is currently -150.00%.

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.