Kelly Services, Inc. $KELYA Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its stake in Kelly Services, Inc. (NASDAQ:KELYA) by 9.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 816,615 shares of the business services provider’s stock after selling 80,540 shares during the quarter. American Century Companies Inc. owned 2.34% of Kelly Services worth $10,755,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KELYA. Parallel Advisors LLC lifted its holdings in shares of Kelly Services by 5,012.7% in the 1st 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. increased 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. US Bancorp DE increased 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. Cetera Investment Advisers purchased a new stake in Kelly Services during the 4th quarter worth approximately $158,000. Finally, Blair William & Co. IL increased its stake in Kelly Services by 7.5% during the 1st quarter. Blair William & Co. IL now owns 12,842 shares of the business services provider’s stock worth $169,000 after buying an additional 898 shares during the period. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Daniel H. Malan sold 7,650 shares of the 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 $1,261,886.40. This represents a 8.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on KELYA. Barrington Research reaffirmed 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 raised shares of Kelly Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $25.00.

Kelly Services Trading Down 1.1%

Shares of NASDAQ:KELYA opened at $14.17 on Wednesday. Kelly Services, Inc. has a 52 week low of $10.80 and a 52 week high of $22.44. The company’s 50 day moving average is $12.82 and its two-hundred day moving average is $12.57. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.06. The company has a market cap of $499.52 million, a PE 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 earnings results on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate 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. Equities analysts predict that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

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