Barrington Research Cuts Kelly Services (NASDAQ:KELYA) Price Target to $16.00

Kelly Services (NASDAQ:KELYA) had its target price dropped by analysts at Barrington Research from $25.00 to $16.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective points to a potential upside of 89.57% from the company’s current price.

A number of other equities research analysts have also recently commented on KELYA. Wall Street Zen cut Kelly Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Kelly Services in a research report on Wednesday, October 8th. Finally, UBS Group restated an “outperform” rating on shares of Kelly Services in a research note on Friday, September 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kelly Services has an average rating of “Hold” and an average price target of $16.00.

Kelly Services Stock Down 4.8%

NASDAQ:KELYA traded down $0.43 during trading hours on Tuesday, reaching $8.44. The company had a trading volume of 181,879 shares, compared to its average volume of 310,258. Kelly Services has a twelve month low of $8.51 and a twelve month high of $16.52. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. The firm has a market cap of $297.53 million, a price-to-earnings ratio of -42.20, a P/E/G ratio of 0.41 and a beta of 0.86. The business’s 50-day simple moving average is $12.66 and its two-hundred day simple moving average is $12.55.

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). The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $972.80 million. Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%. Kelly Services has set its Q4 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that Kelly Services will post 2.45 earnings per share for the current year.

Insider Transactions at Kelly Services

In related news, SVP Daniel H. Malan sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $14.24, for a total transaction of $142,400.00. Following the transaction, the senior vice president directly owned 95,281 shares in the company, valued at approximately $1,356,801.44. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Nicola M. Soares sold 27,412 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $13.43, for a total transaction of $368,143.16. Following the completion of the sale, the senior vice president owned 40,134 shares of the company’s stock, valued at approximately $538,999.62. This trade represents a 40.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,902 shares of company stock worth $721,526 over the last three months. 48.09% of the stock is owned by insiders.

Institutional Trading of Kelly Services

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in Kelly Services by 52.0% in the third quarter. Versant Capital Management Inc now owns 3,006 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,028 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Kelly Services by 175.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,385 shares of the business services provider’s stock worth $44,000 after purchasing an additional 2,156 shares during the period. Quarry LP bought a new stake in shares of Kelly Services during the 1st quarter worth $48,000. Tower Research Capital LLC TRC boosted its holdings in shares of Kelly Services by 83.5% in the 2nd 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 last quarter. Finally, PNC Financial Services Group Inc. grew its position 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 valued at $65,000 after buying an additional 1,577 shares during the period. 76.34% of the stock is currently owned by institutional investors.

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.