Versor Investments LP Invests $150,000 in Kelly Services, Inc. $KELYA

Versor Investments LP acquired a new stake in Kelly Services, Inc. (NASDAQ:KELYA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,800 shares of the business services provider’s stock, valued at approximately $150,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC lifted its stake in Kelly Services by 26.6% in the first quarter. Cubist Systematic Strategies LLC now owns 214,464 shares of the business services provider’s stock valued at $2,824,000 after buying an additional 45,115 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Kelly Services by 26.5% in 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 acquiring an additional 136,392 shares in the last quarter. Victory Capital Management Inc. boosted its stake 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 valued at $920,000 after purchasing an additional 37,280 shares during the last quarter. Cetera Investment Advisers increased its holdings in Kelly Services by 22.0% during the 1st quarter. Cetera Investment Advisers now owns 13,877 shares of the business services provider’s stock worth $183,000 after purchasing an additional 2,507 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Kelly Services in the second quarter worth approximately $159,000. Institutional investors own 76.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on KELYA shares. UBS Group reaffirmed an “outperform” rating on shares of Kelly Services in a research report on Friday, September 12th. Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Kelly Services in a research note on Tuesday, September 23rd. Wall Street Zen lowered shares of Kelly Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kelly Services in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Insiders Place Their Bets

In other news, 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 sale, the senior vice president owned 40,134 shares in the company, valued at approximately $538,999.62. This trade represents a 40.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Daniel H. Malan sold 10,000 shares of Kelly Services stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $14.24, for a total value of $142,400.00. Following the sale, the senior vice president directly 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 is available in the SEC filing. Insiders sold a total of 52,902 shares of company stock worth $721,526 in the last three months. Insiders own 48.09% of the company’s stock.

Kelly Services Stock Up 2.9%

Shares of NASDAQ KELYA opened at $9.63 on Friday. The business has a 50-day simple moving average of $12.77 and a two-hundred day simple moving average of $12.55. The company has a market cap of $339.48 million, a P/E ratio of -48.15, a P/E/G ratio of 0.41 and a beta of 0.86. Kelly Services, Inc. has a 52 week low of $9.17 and a 52 week high of $18.26. 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 posted its earnings results on Thursday, November 6th. The business services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $972.80 million. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%. Kelly Services has set its Q4 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, November 19th. Kelly Services’s dividend payout ratio is -6.70%.

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.