Kelly Services (NASDAQ:KELYA) SVP Daniel Malan Sells 7,840 Shares of Stock

Kelly Services, Inc. (NASDAQ:KELYA) SVP Daniel Malan sold 7,840 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $12.86, for a total value of $100,822.40. Following the transaction, the senior vice president directly owned 79,791 shares of the company’s stock, valued at $1,026,112.26. This represents a 8.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kelly Services Trading Down 0.5%

NASDAQ:KELYA opened at $12.87 on Friday. 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 1-year low of $10.80 and a 1-year high of $22.44. The firm has a market capitalization of $453.67 million, a price-to-earnings ratio of -64.35, a price-to-earnings-growth ratio of 0.46 and a beta of 0.89. The stock has a fifty day simple moving average of $13.59 and a 200 day simple moving average of $12.61.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share for the quarter, meeting 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current year.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a $0.075 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.3%. Kelly Services’s dividend payout ratio (DPR) is -150.00%.

Institutional Investors Weigh In On Kelly Services

A number of institutional investors have recently bought and sold shares of KELYA. Bank of America Corp DE boosted its position in Kelly Services by 123.7% during the 4th quarter. Bank of America Corp DE now owns 146,462 shares of the business services provider’s stock worth $2,042,000 after acquiring an additional 80,995 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Kelly Services during the 4th quarter worth about $158,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kelly Services by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,786 shares of the business services provider’s stock worth $248,000 after purchasing an additional 760 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Kelly Services by 438.2% during the 4th quarter. Two Sigma Investments LP now owns 339,758 shares of the business services provider’s stock worth $4,736,000 after purchasing an additional 276,633 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Kelly Services by 804.4% during the 4th quarter. Two Sigma Advisers LP now owns 103,100 shares of the business services provider’s stock worth $1,437,000 after purchasing an additional 91,700 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KELYA. UBS Group reiterated an “outperform” rating on shares of Kelly Services in a research report on Friday, September 12th. Wall Street Zen upgraded Kelly Services from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 14th. Finally, Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Kelly Services in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $25.00.

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.