Strs Ohio Makes New Investment in Kelly Services, Inc. $KELYA

Key Points

• Strs Ohio acquired 39,000 shares of Kelly Services, Inc. valued at approximately $514,000, representing about 0.11% ownership of the company.
• Kelly Services recently announced a quarterly dividend of $0.075 per share, yielding about 2.1%, with a payout ratio currently at -150.00%.
• Wall Street analysts have given Kelly Services a mostly positive outlook, with Barrington Research setting a target price of $25.00 and a consensus rating of "Buy."

Strs Ohio purchased a new position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 39,000 shares of the business services provider's stock, valued at approximately $514,000. Strs Ohio owned 0.11% of Kelly Services as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in Kelly Services by 5,012.7% during the 1st quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock worth $37,000 after buying an additional 2,757 shares during the period. Quarry LP acquired a new position in Kelly Services during the 1st quarter worth approximately $48,000. PharVision Advisers LLC acquired a new position in Kelly Services during the 1st quarter worth approximately $136,000. Palouse Capital Management Inc. raised its stake in 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 buying an additional 2,750 shares during the period. Finally, US Bancorp DE raised its stake in Kelly Services by 8.1% during 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 period. 76.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KELYA shares. Barrington Research reissued an "outperform" rating and set a $25.00 price objective on shares of Kelly Services in a report on Friday, September 12th. UBS Group reiterated an "outperform" rating on shares of Kelly Services in a report on Friday, September 12th. Finally, Wall Street Zen upgraded Kelly Services from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 14th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $25.00.

Insider Activity

In related news, SVP Daniel H. Malan sold 7,650 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $14.40, for a total value of $110,160.00. Following the sale, the senior vice president owned 87,631 shares in the company, valued at approximately $1,261,886.40. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.90% of the company's stock.

Kelly Services Stock Performance

Shares of NASDAQ:KELYA traded down $0.33 during trading on Monday, hitting $13.73. 320,021 shares of the company were exchanged, compared to its average volume of 295,051. The company has a market cap of $483.98 million, a PE ratio of -68.65, a P/E/G ratio of 0.50 and a beta of 0.89. The stock has a 50 day moving average of $13.54 and a 200 day moving average of $12.61. Kelly Services, Inc. has a 52-week low of $10.80 and a 52-week high of $22.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.52.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 5.65% and a negative net margin of 0.14%.The company had revenue of $1.10 billion for 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 research analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, August 20th. Kelly Services's dividend payout ratio (DPR) is -150.00%.

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.