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

Kelly Services (NASDAQ:KELYA)‘s stock had its “outperform” rating reiterated by Barrington Research in a report released on Friday,Benzinga reports. They currently have a $16.00 price objective on the business services provider’s stock. Barrington Research’s price objective points to a potential upside of 48.15% from the company’s previous close.

Several other brokerages have also issued reports on KELYA. Zacks Research upgraded Kelly Services from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a research report on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kelly Services presently has an average rating of “Hold” and an average price target of $16.00.

Kelly Services Trading Up 0.1%

NASDAQ KELYA opened at $10.80 on Friday. Kelly Services has a 1-year low of $7.98 and a 1-year high of $15.11. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $381.67 million, a PE ratio of -2.41, a price-to-earnings-growth ratio of 0.48 and a beta of 0.79. The firm’s fifty day simple moving average is $9.36 and its 200-day simple moving average is $11.33.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Kelly Services had a negative net margin of 3.58% and a positive return on equity of 5.74%. The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $972.80 million. As a group, sell-side analysts anticipate that Kelly Services will post 2.45 earnings per share for the current fiscal year.

Institutional Trading of Kelly Services

A number of institutional investors and hedge funds have recently modified their holdings of KELYA. Quarry LP boosted its holdings in shares of Kelly Services by 173.2% during the 3rd quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock worth $26,000 after buying an additional 1,249 shares during the period. Versant Capital Management Inc lifted its position in Kelly Services by 52.0% during the 3rd quarter. Versant Capital Management Inc now owns 3,006 shares of the business services provider’s stock worth $39,000 after acquiring an additional 1,028 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Kelly Services by 175.4% during the third quarter. GAMMA Investing LLC now owns 3,385 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 2,156 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Kelly Services by 83.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 1,967 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Kelly Services by 46.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,944 shares of the business services provider’s stock worth $65,000 after purchasing an additional 1,577 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.