Kelly Services (NASDAQ:KELYA) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Kelly Services (NASDAQ:KELYA) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Separately, Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Kelly Services in a report on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Kelly Services currently has an average rating of “Buy” and a consensus target price of $25.00.

Kelly Services Stock Performance

KELYA opened at $13.65 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $13.28 and its two-hundred day moving average price is $12.58. Kelly Services has a 1-year low of $10.80 and a 1-year high of $22.44. The company has a market cap of $481.19 million, a price-to-earnings ratio of -68.25, a PEG ratio of 0.50 and a beta of 0.89.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. On average, analysts expect that Kelly Services will post 2.45 EPS for the current fiscal year.

Kelly Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a $0.075 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $0.30 annualized dividend and a dividend yield of 2.2%. Kelly Services’s dividend payout ratio is currently -150.00%.

Insider Activity at Kelly Services

In other news, SVP Daniel H. Malan sold 7,650 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $14.40, for a total value of $110,160.00. Following the completion of the sale, the senior vice president owned 87,631 shares in the company, valued at $1,261,886.40. This represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 48.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kelly Services

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in Kelly Services by 5,012.7% during the first quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider’s stock valued at $37,000 after buying an additional 2,757 shares during the period. Quarry LP bought a new position in Kelly Services during the first quarter valued at about $48,000. Tower Research Capital LLC TRC grew its position in 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 valued at $51,000 after buying an additional 1,967 shares during the period. State of Wyoming bought a new position in Kelly Services during the second quarter valued at about $116,000. Finally, PharVision Advisers LLC bought a new position in Kelly Services during the first quarter valued at about $136,000. Institutional investors own 76.34% of the company’s stock.

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.