Barrington Research Reiterates “Outperform” Rating for Kelly Services (NASDAQ:KELYA)

Barrington Research reiterated their outperform rating on shares of Kelly Services (NASDAQ:KELYA) in a research note published on Wednesday morning,Benzinga reports. Barrington Research currently has a $25.00 price objective on the business services provider’s stock.

Kelly Services Stock Performance

Shares of NASDAQ KELYA opened at $13.29 on Wednesday. Kelly Services has a 1 year low of $12.68 and a 1 year high of $25.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a fifty day moving average price of $13.81 and a two-hundred day moving average price of $17.50. The firm has a market cap of $473.26 million, a P/E ratio of 11.56, a PEG ratio of 0.40 and a beta of 1.11.

Insider Transactions at Kelly Services

In other news, SVP Daniel H. Malan bought 3,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $13.88 per share, with a total value of $48,580.00. Following the completion of the transaction, the senior vice president now directly owns 95,906 shares in the company, valued at approximately $1,331,175.28. The trade was a 3.79 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Kelly Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KELYA. Versant Capital Management Inc raised its position in Kelly Services by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider’s stock valued at $33,000 after buying an additional 1,883 shares during the period. KBC Group NV grew its position in Kelly Services by 109.1% during the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 2,028 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Kelly Services by 49.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock valued at $60,000 after buying an additional 1,406 shares during the period. Palouse Capital Management Inc. increased its stake in Kelly Services by 13.1% in the 4th quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock valued at $114,000 after buying an additional 950 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Kelly Services by 3,062.7% during the fourth quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider’s stock worth $130,000 after acquiring an additional 9,035 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.

About Kelly Services

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.