Kelly Services, Inc. $KELYA Shares Purchased by Walleye Capital LLC

Key Points

• Walleye Capital LLC significantly increased its stake in Kelly Services, Inc. by 98.3% during the first quarter, now owning approximately $1.88 million worth of shares.
• Kelly Services recently reported quarterly earnings of $0.54 per share, meeting analyst expectations, but revealed a negative net margin of 0.14% and revenue below forecasts.
• The company announced a quarterly dividend of $0.075 per share, with a dividend yield of 2.1%, although it has a payout ratio of -150.00%.

Walleye Capital LLC boosted its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 98.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,892 shares of the business services provider's stock after acquiring an additional 70,846 shares during the quarter. Walleye Capital LLC owned 0.41% of Kelly Services worth $1,882,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. AlphaQuest LLC bought a new stake in Kelly Services during the 1st quarter valued at $765,000. Credit Agricole S A bought a new stake in Kelly Services during the 1st quarter valued at $790,000. Boston Partners raised its position in Kelly Services by 9.2% during the 1st quarter. Boston Partners now owns 2,062,292 shares of the business services provider's stock valued at $26,622,000 after purchasing an additional 172,903 shares in the last quarter. Russell Investments Group Ltd. raised its position in Kelly Services by 59.1% during the 1st quarter. Russell Investments Group Ltd. now owns 31,993 shares of the business services provider's stock valued at $421,000 after purchasing an additional 11,879 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Kelly Services in the 1st quarter worth $8,739,000. Hedge funds and other institutional investors own 76.34% of the company's stock.

Kelly Services Stock Down 0.9%

Shares of NASDAQ KELYA traded down $0.14 during mid-day trading on Tuesday, hitting $14.10. The company had a trading volume of 147,495 shares, compared to its average volume of 304,970. The company has a market capitalization of $496.85 million, a PE ratio of -70.46, a price-to-earnings-growth ratio of 0.51 and a beta of 0.89. 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, Inc. has a 1-year low of $10.80 and a 1-year high of $22.44. The business's 50-day simple moving average is $13.05 and its 200 day simple moving average is $12.58.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its quarterly 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. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%. Kelly Services has set its Q3 2025 guidance at EPS. On average, analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

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

Insider Transactions at Kelly Services

In other Kelly Services news, SVP Daniel H. Malan sold 7,650 shares of Kelly Services stock in a transaction dated Friday, August 22nd. The stock was 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 directly owned 87,631 shares of the company's stock, valued at $1,261,886.40. The trade was a 8.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KELYA has been the topic of several research analyst reports. Barrington Research restated an "outperform" rating and set a $25.00 target price on shares of Kelly Services in a research note on Tuesday, May 20th. Wall Street Zen upgraded Kelly Services from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Kelly Services currently has an average rating of "Buy" and a consensus 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.