Charles Schwab Investment Management Inc. Boosts Holdings in Kelly Services, Inc. $KELYA

Charles Schwab Investment Management Inc. grew its holdings in Kelly Services, Inc. (NASDAQ:KELYA) by 26.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 650,134 shares of the business services provider’s stock after purchasing an additional 136,392 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.86% of Kelly Services worth $8,562,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in Kelly Services by 5,012.7% in the first quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider’s stock worth $37,000 after acquiring an additional 2,757 shares during the last quarter. Palouse Capital Management Inc. lifted its stake in Kelly Services by 33.6% in the first quarter. Palouse Capital Management Inc. now owns 10,944 shares of the business services provider’s stock worth $144,000 after acquiring an additional 2,750 shares during the last quarter. US Bancorp DE lifted its stake in Kelly Services by 8.1% in the first quarter. US Bancorp DE now owns 11,074 shares of the business services provider’s stock worth $146,000 after acquiring an additional 833 shares during the last quarter. Cetera Investment Advisers purchased a new position in Kelly Services in the fourth quarter worth approximately $158,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Kelly Services by 22.8% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Insider Activity at Kelly Services

In related news, SVP Daniel H. Malan sold 7,650 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KELYA shares. Wall Street Zen upgraded shares of Kelly Services from a “buy” rating to a “strong-buy” rating in a research note on Friday. Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Kelly Services in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $25.00.

Kelly Services Stock Performance

NASDAQ:KELYA opened at $14.33 on Tuesday. The firm’s fifty day moving average price is $12.77 and its 200 day moving average price is $12.56. Kelly Services, Inc. has a 1-year low of $10.80 and a 1-year 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. The firm has a market cap of $505.13 million, a price-to-earnings ratio of -71.65, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.54 earnings per share for the quarter, meeting 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, August 20th. Kelly Services’s 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.