Rhumbline Advisers Sells 3,569 Shares of Kelly Services, Inc. $KELYA

Rhumbline Advisers reduced its stake in Kelly Services, Inc. (NASDAQ:KELYA) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,578 shares of the business services provider’s stock after selling 3,569 shares during the period. Rhumbline Advisers owned approximately 0.14% of Kelly Services worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KELYA. Parallel Advisors LLC grew its position in Kelly Services by 5,012.7% during 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. Cetera Investment Advisers bought a new stake in Kelly Services during the 4th quarter worth approximately $158,000. GAMMA Investing LLC grew its position in Kelly Services by 923.2% during the 1st quarter. GAMMA Investing LLC now owns 95,469 shares of the business services provider’s stock worth $1,257,000 after acquiring an additional 86,139 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Kelly Services by 26.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 214,464 shares of the business services provider’s stock worth $2,824,000 after acquiring an additional 45,115 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Kelly Services by 114.3% during the 1st quarter. Victory Capital Management Inc. now owns 69,891 shares of the business services provider’s stock worth $920,000 after acquiring an additional 37,280 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KELYA has been the topic of a number of research analyst reports. Wall Street Zen upgraded Kelly Services from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 14th. UBS Group restated an “outperform” rating on shares of Kelly Services in a research report on Friday, September 12th. Finally, Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Kelly Services in a research report on Friday, September 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $25.00.

Kelly Services Stock Performance

NASDAQ KELYA opened at $13.73 on Tuesday. The firm’s fifty day moving average price is $13.54 and its two-hundred day moving average price is $12.61. The stock has a market cap of $483.98 million, a PE ratio of -68.65, a PEG ratio of 0.50 and a beta of 0.89. Kelly Services, Inc. has a fifty-two week low of $10.80 and a fifty-two 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.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates 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. On average, equities analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, August 20th. Kelly Services’s payout ratio is -150.00%.

Insider Transactions at Kelly Services

In related news, SVP Daniel H. Malan sold 10,000 shares of the business’s stock in a transaction 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 owned 95,281 shares in the company, valued at $1,356,801.44. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.90% of the stock is currently owned by insiders.

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.