Kelly Services’ (KELYA) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Kelly Services (NASDAQ:KELYA) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $25.00 price target on the business services provider’s stock.

Kelly Services Stock Performance

Shares of NASDAQ KELYA opened at $14.14 on Wednesday. Kelly Services has a 12-month low of $12.68 and a 12-month high of $25.27. The firm has a market capitalization of $503.53 million, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $13.81 and a 200 day moving average of $17.41.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.44 by $0.38. Kelly Services had a return on equity of 6.93% and a net margin of 0.97%. On average, research analysts anticipate that Kelly Services will post 1.93 earnings per share for the current year.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, February 26th. Kelly Services’s dividend payout ratio (DPR) is 26.09%.

Insider Buying and Selling

In related news, SVP Daniel H. Malan purchased 3,500 shares of Kelly Services stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $13.88 per share, for a total transaction of $48,580.00. Following the acquisition, the senior vice president now owns 95,906 shares in the company, valued at approximately $1,331,175.28. The trade was a 3.79 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Kelly Services by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock valued at $33,000 after buying an additional 1,883 shares during the last quarter. KBC Group NV raised its holdings in shares of Kelly Services by 109.1% during the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock worth $54,000 after acquiring an additional 2,028 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Kelly Services by 49.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 1,406 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Kelly Services in the third quarter valued at $158,000. Finally, Palouse Capital Management Inc. increased its position in Kelly Services by 13.1% in the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock worth $114,000 after purchasing an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

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.