Kelly Services' (KELYA) "Outperform" Rating Reiterated at Barrington Research

Key Points

• Barrington Research has reaffirmed its outperform rating for Kelly Services (NASDAQ: KELYA), with a target price of $25.00, indicating a potential upside of 84.77% from the current price.
• Kelly Services reported $1.10 billion in revenue and $0.54 EPS for the last quarter, slightly below analyst expectations, with a negative net margin of 0.14%.
• 76.34% of Kelly Services' stock is owned by institutional investors, including significant stakes acquired by Millennium Management and D.E. Shaw & Co. in recent quarters.

Kelly Services (NASDAQ:KELYA - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Barrington Research in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $25.00 target price on the business services provider's stock. Barrington Research's price objective points to a potential upside of 75.19% from the company's previous close.

Separately, Wall Street Zen lowered shares of Kelly Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 6th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $25.00.

Kelly Services Stock Performance

KELYA traded up $0.35 during trading on Friday, hitting $14.27. 108,602 shares of the company traded hands, compared to its average volume of 303,609. The firm has a market cap of $503.02 million, a P/E ratio of -71.18, a price-to-earnings-growth ratio of 0.49 and a beta of 0.89. The stock's fifty day moving average is $13.42 and its 200 day moving average is $12.59. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. Kelly Services has a one year low of $10.80 and a one year high of $22.44.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. Kelly Services has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Kelly Services will post 2.45 EPS for the current fiscal year.

Insider Activity at Kelly Services

In other Kelly Services news, SVP Daniel H. Malan sold 10,000 shares of Kelly Services stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $14.24, for a total transaction of $142,400.00. Following the transaction, the senior vice president directly owned 95,281 shares of the company's stock, valued at approximately $1,356,801.44. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.90% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Parallel Advisors LLC raised its stake in shares of 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 worth $37,000 after acquiring an additional 2,757 shares in the last quarter. Quarry LP purchased a new position in shares of Kelly Services in the first quarter worth $48,000. Tower Research Capital LLC TRC increased its stake in shares of Kelly Services by 83.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider's stock worth $51,000 after buying an additional 1,967 shares during the period. State of Wyoming purchased a new position in shares of Kelly Services in the second quarter worth $116,000. Finally, PharVision Advisers LLC purchased a new position in shares of Kelly Services in the first quarter worth $136,000. 76.34% of the stock is owned by hedge funds and other institutional investors.

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.