Kelly Services’ (KELYA) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of Kelly Services (NASDAQ:KELYA) in a report issued on Friday,Benzinga reports. The brokerage currently has a $16.00 price objective on the business services provider’s stock.

Other equities analysts have also issued reports about the company. Zacks Research upgraded Kelly Services from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kelly Services in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.00.

Kelly Services Stock Performance

Shares of NASDAQ:KELYA opened at $11.11 on Friday. The stock has a market capitalization of $392.63 million, a P/E ratio of -2.48, a P/E/G ratio of 0.48 and a beta of 0.79. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.11. Kelly Services has a 1-year low of $7.98 and a 1-year high of $15.11. The business has a 50-day moving average price of $9.40 and a two-hundred day moving average price of $11.32.

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

Institutional Trading of Kelly Services

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Kelly Services by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,071,363 shares of the business services provider’s stock valued at $27,176,000 after buying an additional 151,655 shares during the last quarter. Boston Partners raised its holdings in shares of Kelly Services by 0.4% in the third quarter. Boston Partners now owns 2,051,499 shares of the business services provider’s stock valued at $26,908,000 after purchasing an additional 9,020 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Kelly Services by 8.5% in the first quarter. Millennium Management LLC now owns 1,188,264 shares of the business services provider’s stock valued at $15,649,000 after purchasing an additional 93,026 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kelly Services by 1.5% in the second quarter. Geode Capital Management LLC now owns 784,978 shares of the business services provider’s stock worth $9,194,000 after purchasing an additional 11,397 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in Kelly Services by 77.6% during the third quarter. Kennedy Capital Management LLC now owns 687,120 shares of the business services provider’s stock worth $9,015,000 after purchasing an additional 300,178 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors.

About Kelly Services

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.