Invesco Ltd. Sells 13,861 Shares of Kelly Services, Inc. $KELYA

Invesco Ltd. trimmed its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 465,315 shares of the business services provider’s stock after selling 13,861 shares during the quarter. Invesco Ltd. owned 1.33% of Kelly Services worth $6,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Kelly Services by 26.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 650,134 shares of the business services provider’s stock valued at $8,562,000 after purchasing an additional 136,392 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Kelly Services by 7.5% in the 1st quarter. Blair William & Co. IL now owns 12,842 shares of the business services provider’s stock worth $169,000 after acquiring an additional 898 shares in the last quarter. US Bancorp DE grew its position 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 acquiring an additional 833 shares during the last quarter. XTX Topco Ltd increased its holdings in Kelly Services by 11.9% during the 1st quarter. XTX Topco Ltd now owns 22,915 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 2,434 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its position in Kelly Services by 143.9% in the 1st quarter. Essex Investment Management Co. LLC now owns 170,261 shares of the business services provider’s stock valued at $2,242,000 after purchasing an additional 100,453 shares during the last quarter. 76.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Kelly Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Kelly Services in a research report on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $25.00.

Insider Activity at Kelly Services

In other Kelly Services news, SVP Daniel H. Malan sold 7,650 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were 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 owned 87,631 shares in the company, valued at approximately $1,261,886.40. The trade was a 8.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.90% of the company’s stock.

Kelly Services Stock Down 1.1%

NASDAQ:KELYA opened at $14.17 on Wednesday. The stock’s fifty day moving average price is $12.82 and its two-hundred day moving average price is $12.57. 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 quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $499.52 million, a price-to-earnings ratio of -70.85, a P/E/G ratio of 0.51 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 (EPS) for the quarter, hitting the consensus estimate of $0.54. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%.The firm 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. On average, analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, August 20th. This represents a $0.30 annualized dividend and a dividend yield of 2.1%. Kelly Services’s payout ratio is presently -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.