Boston Partners Sells 19,813 Shares of Kelly Services, Inc. $KELYA

Boston Partners trimmed its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,042,479 shares of the business services provider’s stock after selling 19,813 shares during the quarter. Boston Partners owned approximately 5.85% of Kelly Services worth $24,062,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KELYA. CWM LLC grew its stake in shares of Kelly Services by 13.6% during the first quarter. CWM LLC now owns 50,737 shares of the business services provider’s stock worth $668,000 after buying an additional 6,082 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of 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 valued at $920,000 after acquiring an additional 37,280 shares in the last quarter. Foundry Partners LLC grew its position in Kelly Services by 35.3% during the 1st quarter. Foundry Partners LLC now owns 368,875 shares of the business services provider’s stock worth $4,858,000 after acquiring an additional 96,265 shares during the last quarter. Legato Capital Management LLC increased its holdings in Kelly Services by 140.5% in the 1st quarter. Legato Capital Management LLC now owns 50,570 shares of the business services provider’s stock worth $666,000 after purchasing an additional 29,539 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in Kelly Services in the 1st quarter worth about $5,947,000. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Trading Up 1.5%

KELYA opened at $8.72 on Friday. Kelly Services, Inc. has a twelve month low of $8.42 and a twelve month high of $15.82. The company has a fifty day moving average of $12.35 and a 200-day moving average of $12.48. The stock has a market cap of $307.40 million, a PE ratio of -43.60, a price-to-earnings-growth ratio of 0.41 and a beta of 0.86. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, November 6th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $972.80 million. Kelly Services has set its Q4 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, November 19th. This represents a $0.30 annualized dividend and a dividend yield of 3.4%. Kelly Services’s dividend payout ratio is presently -6.70%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KELYA. Wall Street Zen cut Kelly Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 25th. Barrington Research cut their target price on shares of Kelly Services from $25.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday. UBS Group restated an “outperform” rating on shares of Kelly Services in a research report on Friday, September 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kelly Services in a report on Wednesday, October 8th. Finally, Zacks Research cut shares of Kelly Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Kelly Services presently has an average rating of “Hold” and a consensus target price of $16.00.

Insider Activity at Kelly Services

In other Kelly Services news, SVP Daniel H. Malan sold 7,840 shares of Kelly Services stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $12.86, for a total value of $100,822.40. Following the completion of the sale, the senior vice president directly owned 79,791 shares in the company, valued at approximately $1,026,112.26. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Nicola M. Soares sold 27,412 shares of the business’s 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 completion of the transaction, the senior vice president directly owned 40,134 shares in the company, valued at approximately $538,999.62. This trade represents a 40.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,902 shares of company stock valued at $721,526 in the last ninety days. 48.09% of the stock is currently owned by 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.