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

Kelly Services (NASDAQ:KELYA)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a note issued to investors on Monday,Benzinga reports.

Other research analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Kelly Services from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings cut shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.00.

Kelly Services Stock Up 0.5%

NASDAQ KELYA traded up $0.07 on Monday, hitting $12.80. 226,391 shares of the company were exchanged, compared to its average volume of 469,552. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. The company has a market cap of $443.78 million, a PE ratio of -1.69, a PEG ratio of 0.97 and a beta of 0.85. The stock has a fifty day moving average of $10.68 and a 200-day moving average of $9.80. Kelly Services has a 12 month low of $7.98 and a 12 month high of $14.94.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, analysts forecast that Kelly Services will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other Kelly Services 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 transaction, the executive vice president directly owned 82,355 shares in the company, valued at approximately $805,431.90. This trade represents a 26.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.40% of the company’s stock.

Institutional Trading of Kelly Services

Institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Kelly Services by 24.3% during the first quarter. AQR Capital Management LLC now owns 373,269 shares of the business services provider’s stock worth $4,916,000 after purchasing an additional 73,040 shares during the last quarter. Millennium Management LLC increased its stake in Kelly Services by 8.5% in the 1st quarter. Millennium Management LLC now owns 1,188,264 shares of the business services provider’s stock valued at $15,649,000 after buying an additional 93,026 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Kelly Services by 4.2% during the 1st quarter. Empowered Funds LLC now owns 214,829 shares of the business services provider’s stock worth $2,829,000 after buying an additional 8,562 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Kelly Services by 16.0% in the 2nd quarter. Quantbot Technologies LP now owns 29,357 shares of the business services provider’s stock worth $344,000 after buying an additional 4,043 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Kelly Services by 1.5% in the 2nd quarter. Invesco Ltd. now owns 472,191 shares of the business services provider’s stock worth $5,529,000 after buying an additional 6,876 shares during the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

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.