Kelly Services (NASDAQ:KELYA) Given “Outperform” Rating at Barrington Research

Kelly Services (NASDAQ:KELYA)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They currently have a $25.00 target price on the business services provider’s stock. Barrington Research’s price target would indicate a potential upside of 85.61% from the stock’s current price.

Kelly Services Stock Performance

Kelly Services stock traded down $0.67 during midday trading on Tuesday, hitting $13.47. The stock had a trading volume of 572,720 shares, compared to its average volume of 329,707. Kelly Services has a 52-week low of $12.68 and a 52-week high of $25.27. The company has a market capitalization of $479.63 million, a PE ratio of 11.71, a P/E/G ratio of 0.40 and a beta of 1.11. The firm’s fifty day moving average is $13.80 and its two-hundred day moving average is $17.27. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.38. Kelly Services had a return on equity of 6.93% and a net margin of 0.97%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, research analysts forecast that Kelly Services will post 1.93 EPS for the current year.

Insider Activity at Kelly Services

In other news, SVP Daniel H. Malan bought 3,500 shares of the stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average cost of $13.88 per share, for a total transaction of $48,580.00. Following the transaction, the senior vice president now owns 95,906 shares of the company’s stock, valued at $1,331,175.28. The trade was a 3.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kelly Services

A number of hedge funds have recently bought and sold shares of KELYA. Boston Partners grew its stake in shares of Kelly Services by 49.0% in the 4th quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock worth $26,450,000 after buying an additional 621,078 shares in the last quarter. State Street Corp increased its holdings in shares of Kelly Services by 1.4% in the 3rd quarter. State Street Corp now owns 1,253,704 shares of the business services provider’s stock worth $26,842,000 after buying an additional 17,579 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Kelly Services by 45.7% during the 3rd quarter. Pacer Advisors Inc. now owns 1,211,791 shares of the business services provider’s stock valued at $25,944,000 after buying an additional 380,035 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Kelly Services by 2,251.9% in the 4th quarter. Millennium Management LLC now owns 1,095,238 shares of the business services provider’s stock valued at $15,268,000 after acquiring an additional 1,048,670 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Kelly Services by 10.7% in the fourth quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider’s stock worth $12,506,000 after acquiring an additional 86,560 shares in the last quarter. Hedge funds and other institutional investors 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.