Boston Partners Lowers Holdings in Kelly Services, Inc. $KELYA

Boston Partners decreased its position in Kelly Services, Inc. (NASDAQ:KELYA) by 1.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,042,479 shares of the business services provider’s stock after selling 19,813 shares during the period. Boston Partners owned about 5.85% of Kelly Services worth $24,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Kelly Services during the second quarter worth approximately $727,000. LSV Asset Management boosted its holdings in Kelly Services by 11.6% in the 2nd quarter. LSV Asset Management now owns 561,329 shares of the business services provider’s stock valued at $6,573,000 after purchasing an additional 58,200 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new stake in shares of Kelly Services in the 2nd quarter valued at approximately $220,000. Creative Planning increased its holdings in shares of Kelly Services by 56.7% during the 2nd quarter. Creative Planning now owns 90,287 shares of the business services provider’s stock worth $1,057,000 after buying an additional 32,669 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in shares of Kelly Services during the 2nd quarter worth approximately $246,000. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Kelly Services Stock Performance

Shares of Kelly Services stock opened at $8.65 on Friday. The firm’s fifty day simple moving average is $11.18 and its 200-day simple moving average is $12.22. Kelly Services, Inc. has a 12 month low of $7.98 and a 12 month high of $15.71. The stock has a market capitalization of $305.68 million, a price-to-earnings ratio of -43.25, a PEG ratio of 0.41 and a beta of 0.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.52.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, November 6th. The business services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $972.80 million. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. Kelly Services has set its Q4 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.5%. Kelly Services’s dividend payout ratio is currently -6.70%.

Insider Buying and Selling at Kelly Services

In other news, SVP Nicola M. Soares sold 27,412 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $13.43, for a total value of $368,143.16. Following the completion of the transaction, the senior vice president owned 40,134 shares in the company, valued at $538,999.62. This trade represents a 40.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Daniel H. Malan sold 7,840 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $12.86, for a total transaction of $100,822.40. Following the completion of the sale, the senior vice president directly owned 79,791 shares in the company, valued at $1,026,112.26. This trade represents a 8.95% decrease in their position. The SEC filing for this sale provides additional information. 48.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KELYA has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Kelly Services from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. UBS Group reaffirmed an “outperform” rating on shares of Kelly Services in a research note on Friday, September 12th. Barrington Research dropped their price target on shares of Kelly Services from $25.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Kelly Services in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of Kelly Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, Kelly Services has an average rating of “Hold” and a consensus price target of $16.00.

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.