Kelly Services (NASDAQ:KELYA) Price Target Cut to $16.00 by Analysts at Barrington Research

Kelly Services (NASDAQ:KELYA) had its price target lowered by Barrington Research from $25.00 to $16.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

KELYA has been the subject of several other research reports. UBS Group reissued an “outperform” rating on shares of Kelly Services in a research report on Friday, September 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kelly Services in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Kelly Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 25th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kelly Services presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Kelly Services Stock Performance

Shares of Kelly Services stock opened at $8.75 on Tuesday. The business has a 50-day simple moving average of $12.55 and a 200 day simple moving average of $12.53. The firm has a market capitalization of $308.46 million, a price-to-earnings ratio of -43.75, a PEG ratio of 0.41 and a beta of 0.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.52. Kelly Services has a one year low of $8.42 and a one year high of $16.52.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The firm had revenue of $935.00 million during the quarter, compared to analyst estimates 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. On average, research analysts anticipate that Kelly Services will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $0.30 annualized dividend and a yield of 3.4%. Kelly Services’s dividend payout ratio (DPR) is -6.70%.

Insider Buying and Selling

In related news, SVP Daniel H. Malan sold 10,000 shares of Kelly Services stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $14.24, for a total transaction of $142,400.00. Following the sale, the senior vice president directly owned 95,281 shares in the company, valued at approximately $1,356,801.44. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Nicola M. Soares sold 27,412 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $13.43, for a total value of $368,143.16. Following the completion of the transaction, the senior vice president 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 SEC filing for this sale provides additional information. Insiders sold a total of 52,902 shares of company stock worth $721,526 in the last 90 days. Company insiders own 48.09% of the company’s stock.

Institutional Trading of Kelly Services

A number of large investors have recently added to or reduced their stakes in the stock. CSM Advisors LLC bought a new position in shares of Kelly Services during the 2nd quarter valued at approximately $4,807,000. Cubist Systematic Strategies LLC lifted its stake in Kelly Services by 26.6% in the first quarter. Cubist Systematic Strategies LLC now owns 214,464 shares of the business services provider’s stock valued at $2,824,000 after purchasing an additional 45,115 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kelly Services by 26.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 650,134 shares of the business services provider’s stock valued at $8,562,000 after purchasing an additional 136,392 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Kelly Services by 114.3% during the first quarter. Victory Capital Management Inc. now owns 69,891 shares of the business services provider’s stock valued at $920,000 after purchasing an additional 37,280 shares during the period. Finally, Cetera Investment Advisers increased its position in Kelly Services by 22.0% in the first quarter. Cetera Investment Advisers now owns 13,877 shares of the business services provider’s stock worth $183,000 after buying an additional 2,507 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Kelly Services Company 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.