Savant Capital LLC Purchases New Position in Kelly Services, Inc. $KELYA

Savant Capital LLC acquired a new position in Kelly Services, Inc. (NASDAQ:KELYA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,085 shares of the business services provider’s stock, valued at approximately $188,000.

Several other institutional investors have also added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of Kelly Services by 13.6% in the 1st quarter. CWM LLC now owns 50,737 shares of the business services provider’s stock worth $668,000 after purchasing an additional 6,082 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Kelly Services by 114.3% in the 1st quarter. Victory Capital Management Inc. now owns 69,891 shares of the business services provider’s stock worth $920,000 after buying an additional 37,280 shares in the last quarter. Legato Capital Management LLC raised its position 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 buying an additional 29,539 shares during the last quarter. Royce & Associates LP bought a new position in Kelly Services during the 1st quarter valued at about $5,947,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Kelly Services by 22.0% during the 1st quarter. Cetera Investment Advisers now owns 13,877 shares of the business services provider’s stock valued at $183,000 after acquiring an additional 2,507 shares during the last quarter. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kelly Services

In other Kelly Services news, SVP Nicola M. Soares sold 27,412 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 40,134 shares of the company’s stock, valued at $538,999.62. This trade represents a 40.58% decrease in their position. 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 business’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $12.86, for a total transaction of $100,822.40. Following the completion of the transaction, 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. Corporate insiders own 48.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of Kelly Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Wall Street Zen lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of Kelly Services in a research note on Wednesday, October 8th. UBS Group reaffirmed an “outperform” rating on shares of Kelly Services in a report on Friday, September 12th. Finally, Barrington Research lowered their target price on Kelly Services from $25.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, Kelly Services currently has an average rating of “Hold” and an average target price of $16.00.

Kelly Services Trading Down 2.9%

Shares of NASDAQ:KELYA opened at $8.08 on Friday. The stock has a 50 day moving average of $11.83 and a 200 day moving average of $12.36. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.06. The company has a market cap of $285.54 million, a PE ratio of -40.40, a price-to-earnings-growth ratio of 0.41 and a beta of 0.86. Kelly Services, Inc. has a 12-month low of $8.00 and a 12-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 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 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 research analysts expect that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Announces Dividend

The firm 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 $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, November 19th. Kelly Services’s payout ratio 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.