Hsbc Holdings PLC Trims Stock Holdings in Kelly Services, Inc. $KELYA

Hsbc Holdings PLC trimmed its position in Kelly Services, Inc. (NASDAQ:KELYA) by 58.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,399 shares of the business services provider’s stock after selling 47,383 shares during the period. Hsbc Holdings PLC owned 0.10% of Kelly Services worth $441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Kelly Services by 5,012.7% in the first quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider’s stock worth $37,000 after purchasing an additional 2,757 shares during the period. Palouse Capital Management Inc. grew its stake in shares of Kelly Services by 33.6% in the first quarter. Palouse Capital Management Inc. now owns 10,944 shares of the business services provider’s stock worth $144,000 after acquiring an additional 2,750 shares during the last quarter. US Bancorp DE grew its stake in shares of Kelly Services by 8.1% in the first quarter. US Bancorp DE now owns 11,074 shares of the business services provider’s stock worth $146,000 after acquiring an additional 833 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Kelly Services in the fourth quarter worth $158,000. Finally, Blair William & Co. IL grew its stake in shares of Kelly Services by 7.5% in the first quarter. Blair William & Co. IL now owns 12,842 shares of the business services provider’s stock worth $169,000 after acquiring an additional 898 shares during the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KELYA shares. Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Kelly Services in a research note on Tuesday, May 20th. Wall Street Zen raised Kelly Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $25.00.

Kelly Services Price Performance

NASDAQ KELYA opened at $14.06 on Wednesday. Kelly Services, Inc. has a one year low of $10.80 and a one year high of $22.44. The stock has a 50-day moving average of $13.10 and a 200 day moving average of $12.59. The company has a market capitalization of $495.62 million, a price-to-earnings ratio of -70.30, a PEG ratio of 0.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.52 and a current ratio of 1.52.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%.The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Kelly Services, Inc. will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 20th. Kelly Services’s dividend payout ratio (DPR) is presently -150.00%.

Insider Activity at Kelly Services

In other news, SVP Daniel H. Malan sold 7,650 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $14.40, for a total transaction of $110,160.00. Following the completion of the sale, the senior vice president owned 87,631 shares of the company’s stock, valued at $1,261,886.40. This represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is owned by insiders.

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.