Kelly Services (NASDAQ:KELYA) Price Target Raised to $20.00

Kelly Services (NASDAQ:KELYA) had its price target lifted by Barrington Research from $15.00 to $20.00 in a research report report published on Monday, Marketbeat.com reports. The firm currently has an outperform rating on the business services provider’s stock.

Several other research analysts have also issued reports on KELYA. Zacks Research raised shares of Kelly Services from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Kelly Services in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Kelly Services currently has an average rating of “Hold” and an average price target of $20.00.

Kelly Services Trading Up 0.1%

Shares of KELYA stock opened at $15.44 on Monday. Kelly Services has a fifty-two week low of $7.98 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a 50 day simple moving average of $13.60 and a two-hundred day simple moving average of $11.06. The company has a market cap of $535.30 million, a P/E ratio of -1.98, a PEG ratio of 1.08 and a beta of 0.83.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.During the same period in the prior year, the business earned $0.52 EPS. Research analysts forecast that Kelly Services will post 1.1 earnings per share for the current year.

Kelly Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is -3.84%.

Hedge Funds Weigh In On Kelly Services

Institutional investors have recently modified their holdings of the company. Donald Smith & CO. Inc. bought a new position in shares of Kelly Services in the 2nd quarter worth $5,704,000. Marquette Asset Management LLC bought a new stake in Kelly Services during the 2nd quarter valued at $318,000. GAMMA Investing LLC increased its stake in Kelly Services by 19.9% during the 2nd quarter. GAMMA Investing LLC now owns 6,153 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 1,023 shares in the last quarter. Versant Capital Management Inc raised its holdings in Kelly Services by 47.0% during the second quarter. Versant Capital Management Inc now owns 7,351 shares of the business services provider’s stock worth $90,000 after buying an additional 2,351 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in Kelly Services by 20.8% during the first quarter. Empowered Funds LLC now owns 155,590 shares of the business services provider’s stock worth $1,377,000 after buying an additional 26,832 shares during the last quarter. 76.34% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Kelly Services

Here are the key news stories impacting Kelly Services this week:

• Positive Sentiment: Higher full-year earnings forecasts: Sidoti raised its FY2026 EPS estimate to $1.09 from $0.81, while Noble Financial increased its forecast to $1.21 from $1.16. Both estimates are above the roughly $0.99 consensus, signaling improving confidence in Kelly’s profitability. Analyst earnings estimate revisions
• Positive Sentiment: Engineering division receives industry recognition: Kelly Engineering was named a Leader by Everest Group for the fifth consecutive year and a Star Performer for the third year in a row. The recognition highlights its specialized staffing, AI-enabled recruiting, workforce development investments and exposure to high-growth markets including semiconductors, data centers and advanced manufacturing. Kelly also retained its ranking as the fourth-largest U.S. engineering staffing firm. Kelly Engineering Everest Group recognition
• Positive Sentiment: Insider buying provides additional support: Recent trading data shows seven insider purchases versus one sale over the past six months, including purchases by CEO Christopher Layden and executive James Hunt. This may indicate management confidence, though insider activity is not a guarantee of future performance.
• Neutral Sentiment: Strong recent operating performance: Kelly’s latest reported quarter exceeded expectations, with $0.37 EPS versus the $0.18 consensus and revenue of approximately $1.04 billion versus the $1.01 billion forecast. However, the company remains unprofitable on a trailing basis and revenue was reportedly down year over year.
• Negative Sentiment: Near-term earnings expectations were reduced: Sidoti lowered its Q3 2026 EPS estimate to $0.03 from $0.05, while Noble Financial cut its estimate to $0.14 from $0.18. The revisions suggest a softer third quarter before the stronger Q4 and full-year forecasts.

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.