Goldman Sachs Group Inc. Sells 16,326 Shares of Kelly Services, Inc. $KELYA

Goldman Sachs Group Inc. trimmed its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 250,804 shares of the business services provider’s stock after selling 16,326 shares during the period. Goldman Sachs Group Inc. owned about 0.72% of Kelly Services worth $3,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KELYA. BNP Paribas Financial Markets raised its stake in shares of Kelly Services by 604.7% during the fourth quarter. BNP Paribas Financial Markets now owns 55,553 shares of the business services provider’s stock valued at $774,000 after acquiring an additional 47,670 shares during the last quarter. Bank of America Corp DE increased its position in shares of Kelly Services by 123.7% during the fourth quarter. Bank of America Corp DE now owns 146,462 shares of the business services provider’s stock valued at $2,042,000 after buying an additional 80,995 shares during the period. Cetera Investment Advisers purchased a new position in shares of Kelly Services during the fourth quarter valued at about $158,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Kelly Services by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,786 shares of the business services provider’s stock valued at $248,000 after buying an additional 760 shares during the period. Finally, Millennium Management LLC increased its position in shares of Kelly Services by 2,251.9% during the fourth quarter. Millennium Management LLC now owns 1,095,238 shares of the business services provider’s stock valued at $15,268,000 after buying an additional 1,048,670 shares during the period. 76.34% of the stock is owned by institutional investors.

Kelly Services Trading Up 3.0%

NASDAQ:KELYA opened at $14.34 on Friday. The company’s 50 day moving average price is $13.48 and its 200-day moving average price is $12.61. Kelly Services, Inc. has a 52 week low of $10.80 and a 52 week high of $22.44. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. The stock has a market cap of $505.49 million, a price-to-earnings ratio of -71.70, a PEG ratio of 0.50 and a beta of 0.89.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 EPS 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 analysts’ expectations of $1.12 billion. 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 fiscal year.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a dividend of $0.075 per share. The ex-dividend date was 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 -150.00%.

Analyst Upgrades and Downgrades

Several equities 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 report on Sunday, September 14th. Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of Kelly Services in a research report on Friday, September 12th. Finally, UBS Group restated an “outperform” rating on shares of Kelly Services in a report on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $25.00.

Insiders Place Their Bets

In other Kelly Services news, SVP Daniel H. Malan sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $14.24, for a total value of $142,400.00. Following the transaction, the senior vice president directly owned 95,281 shares in the company, valued at approximately $1,356,801.44. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 48.09% of the stock is currently owned by company insiders.

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.