Allspring Global Investments Holdings LLC Trims Position in Kelly Services, Inc. $KELYA

Allspring Global Investments Holdings LLC trimmed its position in Kelly Services, Inc. (NASDAQ:KELYA) by 27.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,373 shares of the business services provider’s stock after selling 6,714 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Kelly Services were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Kelly Services in the 1st quarter worth approximately $48,000. PharVision Advisers LLC bought a new stake in shares of Kelly Services in the 1st quarter valued at approximately $136,000. US Bancorp DE lifted its holdings in Kelly Services by 8.1% in the 1st quarter. US Bancorp DE now owns 11,074 shares of the business services provider’s stock worth $146,000 after purchasing an additional 833 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Kelly Services in the 2nd quarter worth approximately $159,000. Finally, Blair William & Co. IL increased its stake in Kelly Services by 7.5% during the first quarter. Blair William & Co. IL now owns 12,842 shares of the business services provider’s stock valued at $169,000 after acquiring an additional 898 shares during the period. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Stock Performance

KELYA opened at $12.56 on Monday. The business’s fifty day moving average is $13.39 and its 200-day moving average is $12.58. Kelly Services, Inc. has a 52-week low of $10.80 and a 52-week high of $22.44. The firm has a market cap of $442.74 million, a P/E ratio of -62.80, a price-to-earnings-growth ratio of 0.45 and a beta of 0.85. 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 posted its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%.The company 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. Sell-side analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, August 20th. Kelly Services’s dividend payout ratio is -150.00%.

Insider Transactions at Kelly Services

In other Kelly Services news, SVP Nicola M. Soares sold 27,412 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $13.43, for a total value of $368,143.16. Following the sale, the senior vice president directly owned 40,134 shares in the company, valued at $538,999.62. This represents a 40.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Daniel H. Malan sold 10,000 shares of Kelly Services stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $14.24, for a total value of $142,400.00. Following the sale, the senior vice president owned 95,281 shares of the company’s stock, valued at approximately $1,356,801.44. This trade represents a 9.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,902 shares of company stock worth $721,526. Corporate insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Kelly Services in a research note on Saturday. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Kelly Services in a research report on Tuesday, September 23rd. Wall Street Zen lowered Kelly Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group restated an “outperform” rating on shares of Kelly Services in a research report on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Kelly Services Company 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.