Hunt Companies Acquires Majority Stake in Kelly Services
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 21 2025
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Should l Buy KELYB?
Kelly Services Inc. saw a significant price increase as it crossed above its 5-day SMA, reflecting investor optimism. The surge follows Hunt Companies acquiring 92.2% of Class B common stock, making them the controlling shareholder of Kelly Services. This acquisition indicates a strong influence over the company's strategic direction and decision-making, which could lead to new initiatives and growth opportunities.
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Analyst Views on KELYB
Wall Street analysts forecast KELYB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KELYB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 37.960
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Current: 37.960
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About KELYB
Kelly Services, Inc. helps companies recruit and manage skilled workers and helps job seekers find work. The Company's segments include Enterprise Talent Management (ETM), Science, Engineering & Technology (SET), and Education. ETM and SET segments provide solutions, which include temporary staffing, permanent placement, outcome-based and talent. Education segment provides solutions, which include temporary staffing and permanent placement. ETM segment’s specialties include industrial, contact center, office clerical, managed service provider (MSP), recruitment process outsourcing (RPO), and payroll process outsourcing (PPO). SET segment’s specialties include engineering, science and clinical, technology and telecom. Education segment’s specialties include K-12, special ed/needs, tutoring, therapy services and executive search. Its brands include KellyConnect, RocketPower, NextGen, GTA, Softworld, Greenwood Asher & Associates, Teachers On Call and Pediatric Therapeutic Services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kelly to Release Q4 and Full-Year Earnings on February 12, 2026
- Earnings Release Schedule: Kelly Services is set to announce its fourth-quarter and full-year earnings before the market opens on February 12, 2026, providing critical financial data for analyst evaluation.
- Live Conference Call: On the earnings release day, Kelly will host a conference call with financial analysts at 9 a.m. ET, where they will provide detailed insights into quarterly performance and address questions, enhancing transparency and investor communication.
- Financial Presentation: Alongside the earnings release, Kelly will publish a financial presentation, with all related materials accessible through the company's Investor Relations page on its website, ensuring broad availability of information.
- Company Background: Since its founding in 1946, Kelly has become a leading global specialty talent solutions provider, generating $4.3 billion in revenue in 2024 and connecting over 400,000 people with job opportunities, showcasing its influence across multiple industries.
See More
Chris Hunt Named Chairman of Kelly Services Inc. as Five Board Members Step Down
- Leadership Change: Chris Hunt has been appointed as the new chairman of Kelly Services Inc.
- Board Resignations: Five members of the board have resigned, indicating significant changes within the company's leadership structure.
See More
KELLY SERVICES INC - INTRODUCES NEW BOARD STRUCTURE FEATURING FOUR HUNT APPOINTEES
- New Board Announcement: Kelly Services Inc. has announced the formation of a new board of directors.
- Design Team Composition: The new board will consist of four seasoned design professionals.
See More
HUNT COMPANIES ACQUIRES 92.2% OF CLASS B COMMON STOCK, BECOMING CONTROLLING SHAREHOLDER OF KELLY SERVICES INC.
- Company Control: Kelly Services Inc. has become the controlling shareholder of Hunt Companies, holding 92.2% of Class B common stock.
- Stock Ownership: This significant ownership stake indicates a strong influence over the company's decisions and direction.
See More
KELLY SERVICES REVEALS PARTNERSHIP WITH HUNT EQUITY OPPORTUNITIES AND NEW BOARD APPOINTMENTS
- Announcement of Agreement: Kelly Services has announced a new agreement with Hunt Equity Opportunities.
- Board Appointments: The announcement also includes details about recent board appointments related to the agreement.
See More
Kelly Services Adopts Shareholder Rights Plan to Safeguard 92.2% Stake
- Shareholder Rights Plan: On January 11, 2026, Kelly Services' Board unanimously adopted a shareholder rights plan to provide sufficient time for evaluating the terms of the sale of 92.2% of shares, thereby protecting the interests of all shareholders.
- Sale Notification: The Terence E. Adderley Revocable Trust notified the Board on January 9, 2026, of its intent to sell its 92.2% voting Class B common stock to a private party, potentially impacting the company's control.
- Rights Distribution Details: Under the rights plan, the company will issue rights to purchase 0.9833 shares of Class A and 0.0167 shares of Class B common stock to shareholders, effective as of January 11, 2026, enhancing shareholder engagement.
- Exercisability Conditions: If any person or group acquires 75% or more of the Class B common stock, the rights will become exercisable, allowing holders to receive common stock valued at twice the exercise price, which could lead to significant changes in company control.
See More
Kelly to Release Q4 and Full-Year Earnings on February 12, 2026
- Earnings Release Schedule: Kelly Services is set to announce its fourth-quarter and full-year earnings before the market opens on February 12, 2026, providing critical financial data for analyst evaluation.
- Live Conference Call: On the earnings release day, Kelly will host a conference call with financial analysts at 9 a.m. ET, where they will provide detailed insights into quarterly performance and address questions, enhancing transparency and investor communication.
- Financial Presentation: Alongside the earnings release, Kelly will publish a financial presentation, with all related materials accessible through the company's Investor Relations page on its website, ensuring broad availability of information.
- Company Background: Since its founding in 1946, Kelly has become a leading global specialty talent solutions provider, generating $4.3 billion in revenue in 2024 and connecting over 400,000 people with job opportunities, showcasing its influence across multiple industries.
See More
Chris Hunt Named Chairman of Kelly Services Inc. as Five Board Members Step Down
- Leadership Change: Chris Hunt has been appointed as the new chairman of Kelly Services Inc.
- Board Resignations: Five members of the board have resigned, indicating significant changes within the company's leadership structure.
See More
KELLY SERVICES INC - INTRODUCES NEW BOARD STRUCTURE FEATURING FOUR HUNT APPOINTEES
- New Board Announcement: Kelly Services Inc. has announced the formation of a new board of directors.
- Design Team Composition: The new board will consist of four seasoned design professionals.
See More
HUNT COMPANIES ACQUIRES 92.2% OF CLASS B COMMON STOCK, BECOMING CONTROLLING SHAREHOLDER OF KELLY SERVICES INC.
- Company Control: Kelly Services Inc. has become the controlling shareholder of Hunt Companies, holding 92.2% of Class B common stock.
- Stock Ownership: This significant ownership stake indicates a strong influence over the company's decisions and direction.
See More
KELLY SERVICES REVEALS PARTNERSHIP WITH HUNT EQUITY OPPORTUNITIES AND NEW BOARD APPOINTMENTS
- Announcement of Agreement: Kelly Services has announced a new agreement with Hunt Equity Opportunities.
- Board Appointments: The announcement also includes details about recent board appointments related to the agreement.
See More
Kelly Services Adopts Shareholder Rights Plan to Safeguard 92.2% Stake
- Shareholder Rights Plan: On January 11, 2026, Kelly Services' Board unanimously adopted a shareholder rights plan to provide sufficient time for evaluating the terms of the sale of 92.2% of shares, thereby protecting the interests of all shareholders.
- Sale Notification: The Terence E. Adderley Revocable Trust notified the Board on January 9, 2026, of its intent to sell its 92.2% voting Class B common stock to a private party, potentially impacting the company's control.
- Rights Distribution Details: Under the rights plan, the company will issue rights to purchase 0.9833 shares of Class A and 0.0167 shares of Class B common stock to shareholders, effective as of January 11, 2026, enhancing shareholder engagement.
- Exercisability Conditions: If any person or group acquires 75% or more of the Class B common stock, the rights will become exercisable, allowing holders to receive common stock valued at twice the exercise price, which could lead to significant changes in company control.
See More
