Kelly Services (NASDAQ:KELYA) Given “Outperform” Rating at Barrington Research
by Michael Walen · The Markets DailyKelly Services (NASDAQ:KELYA – Get Free Report)‘s stock had its “outperform” rating restated by equities researchers at Barrington Research in a report issued on Monday,Benzinga reports.
Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Zacks Research raised Kelly Services from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kelly Services currently has an average rating of “Hold” and a consensus price target of $15.00.
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Kelly Services Stock Performance
NASDAQ:KELYA traded up $0.07 during mid-day trading on Monday, hitting $12.80. 226,391 shares of the stock were exchanged, compared to its average volume of 469,552. The firm’s 50-day simple moving average is $10.68 and its 200 day simple moving average is $9.80. The stock has a market capitalization of $443.78 million, a price-to-earnings ratio of -1.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.85. Kelly Services has a fifty-two week low of $7.98 and a fifty-two week high of $14.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59.
Kelly Services (NASDAQ:KELYA – Get Free Report) last posted its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. As a group, equities analysts anticipate that Kelly Services will post 1.01 EPS for the current fiscal year.
Insider Activity
In related news, EVP Vanessa Peterson Williams sold 29,999 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $9.78, for a total transaction of $293,390.22. Following the sale, the executive vice president owned 82,355 shares of the company’s stock, valued at $805,431.90. This trade represents a 26.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.40% of the company’s stock.
Institutional Trading of Kelly Services
Several institutional investors have recently modified their holdings of KELYA. Quarry LP raised its holdings in 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 purchasing an additional 1,249 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new stake in shares of Kelly Services in the 4th quarter valued at $30,000. Tower Research Capital LLC TRC increased its position in shares of Kelly Services by 83.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock worth $51,000 after buying an additional 1,967 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Kelly Services during the fourth quarter worth $42,000. Finally, PNC Financial Services Group Inc. raised its stake in Kelly Services by 46.8% during the third quarter. PNC Financial Services Group Inc. now owns 4,944 shares of the business services provider’s stock worth $65,000 after buying an additional 1,577 shares during the last quarter. Institutional investors own 76.34% of the company’s stock.
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.