Los Angeles Capital Management LLC Makes New $335,000 Investment in Kelly Services, Inc. $KELYA

Los Angeles Capital Management LLC bought a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,618 shares of the business services provider’s stock, valued at approximately $335,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Boston Partners raised its holdings in shares of Kelly Services by 9.2% during the first quarter. Boston Partners now owns 2,062,292 shares of the business services provider’s stock valued at $26,622,000 after purchasing an additional 172,903 shares during the last quarter. Millennium Management LLC grew its position in Kelly Services by 8.5% in the 1st quarter. Millennium Management LLC now owns 1,188,264 shares of the business services provider’s stock worth $15,649,000 after purchasing an additional 93,026 shares during the period. Nuveen LLC purchased a new stake in Kelly Services during the 1st quarter valued at $8,739,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kelly Services by 26.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 650,134 shares of the business services provider’s stock valued at $8,562,000 after buying an additional 136,392 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Kelly Services by 35.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 500,683 shares of the business services provider’s stock worth $6,594,000 after buying an additional 131,366 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on KELYA shares. Barrington Research reduced their price objective on Kelly Services from $25.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. UBS Group reaffirmed an “outperform” rating on shares of Kelly Services in a research report on Friday, September 12th. Zacks Research cut shares of Kelly Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Wall Street Zen lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.00.

Insider Activity at Kelly Services

In other 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 of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, SVP Nicola M. Soares sold 27,412 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $13.43, for a total transaction of $368,143.16. Following the transaction, the senior vice president directly owned 40,134 shares of the company’s stock, valued at $538,999.62. The trade was a 40.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,902 shares of company stock valued at $721,526 over the last 90 days. 48.09% of the stock is currently owned by corporate insiders.

Kelly Services Stock Down 4.4%

KELYA stock opened at $8.34 on Monday. The business’s 50-day moving average price is $12.24 and its 200-day moving average price is $12.47. The stock has a market cap of $294.00 million, a P/E ratio of -41.70, a PEG 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, Inc. has a twelve month low of $8.31 and a twelve month high of $15.71.

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 positive return on equity of 5.65% and a negative net margin of 0.14%.The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $972.80 million. Kelly Services has set its Q4 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, November 19th. Kelly Services’s dividend payout ratio (DPR) is presently -6.70%.

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.