Kelly Services, Inc. $KELYA Stock Holdings Lowered by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in Kelly Services, Inc. by 24.7%, owning approximately $24.98 million in shares after selling 621,676 units.
• A number of institutional investors significantly increased their positions in Kelly Services, including Millennium Management, which boosted its holdings by over 2,251% during the fourth quarter.
• Kelly Services announced a quarterly dividend of $0.075 per share, with an upcoming record date for stockholders on August 20th, representing a dividend yield of 2.1%.

Vanguard Group Inc. cut its holdings in Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 24.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,896,644 shares of the business services provider's stock after selling 621,676 shares during the period. Vanguard Group Inc. owned about 5.44% of Kelly Services worth $24,979,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KELYA. Barclays PLC boosted its holdings in shares of Kelly Services by 3.9% in the 4th quarter. Barclays PLC now owns 66,095 shares of the business services provider's stock valued at $922,000 after buying an additional 2,457 shares during the period. Marshall Wace LLP acquired a new position in shares of Kelly Services in the 4th quarter valued at about $488,000. Hsbc Holdings PLC boosted its holdings in shares of Kelly Services by 198.1% in the 4th quarter. Hsbc Holdings PLC now owns 80,782 shares of the business services provider's stock valued at $1,110,000 after buying an additional 53,682 shares during the period. Susquehanna International Group LLP boosted its holdings in shares of Kelly Services by 225.3% in the 4th quarter. Susquehanna International Group LLP now owns 122,164 shares of the business services provider's stock valued at $1,703,000 after buying an additional 84,604 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $173,000 after buying an additional 2,298 shares during the period. 76.34% of the stock is owned by institutional investors and hedge funds.

Kelly Services Stock Performance

Kelly Services stock traded up $0.13 during midday trading on Monday, reaching $14.23. 174,217 shares of the stock traded hands, compared to its average volume of 333,999. The firm has a fifty day moving average price of $12.99 and a two-hundred day moving average price of $12.58. The firm has a market cap of $501.61 million, a price-to-earnings ratio of -71.15, a PEG ratio of 0.51 and a beta of 0.89. Kelly Services, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $22.44. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.06.

Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its quarterly 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates 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, equities research analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

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

Insider Activity at Kelly Services

In related news, SVP Daniel H. Malan sold 7,650 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $14.40, for a total value of $110,160.00. Following the sale, the senior vice president directly owned 87,631 shares in the company, valued at $1,261,886.40. The trade was a 8.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports 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 reissued an "outperform" rating and set a $25.00 target price on shares of Kelly Services in a research note on Tuesday, May 20th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Kelly Services currently has a consensus rating of "Buy" and an average price target of $25.00.

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.