Kelly Services (NASDAQ:KELYA) Earns Outperform Rating from Barrington Research

Key Points

• Barrington Research has reissued an "outperform" rating for Kelly Services (NASDAQ: KELYA), with a price target of $25.00, indicating a potential upside of 84.30% from the stock's previous close.
• Kelly Services recently reported earnings of $0.54 per share, meeting analysts' expectations, with quarterly revenue of $1.10 billion, slightly under analyst estimates.
• Insider transactions revealed that SVP Daniel H. Malan sold 10,000 shares of Kelly Services at an average price of $14.24, reflecting a 9.50% decrease in his position.

Kelly Services (NASDAQ:KELYA - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Barrington Research in a research note issued on Tuesday,Benzinga reports. They presently have a $25.00 price target on the business services provider's stock. Barrington Research's price target would suggest a potential upside of 84.30% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen raised Kelly Services from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 14th. UBS Group restated an "outperform" rating on shares of Kelly Services in a research note on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $25.00.

Kelly Services Trading Down 1.2%

NASDAQ:KELYA traded down $0.17 during midday trading on Tuesday, hitting $13.57. 62,657 shares of the company traded hands, compared to its average volume of 307,017. The firm's fifty day moving average is $13.54 and its 200-day moving average is $12.61. Kelly Services has a 12-month low of $10.80 and a 12-month high of $22.44. The firm has a market capitalization of $478.17 million, a P/E ratio of -67.75, a P/E/G ratio of 0.50 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.06.

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

Insider Transactions at Kelly Services

In other Kelly Services news, SVP Daniel H. Malan sold 10,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $14.24, for a total transaction of $142,400.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is owned by company insiders.

Institutional Trading of Kelly Services

Several hedge funds have recently modified their holdings of KELYA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kelly Services by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,786 shares of the business services provider's stock worth $248,000 after acquiring an additional 760 shares during the period. US Bancorp DE lifted its position in Kelly Services by 8.1% during the 1st quarter. US Bancorp DE now owns 11,074 shares of the business services provider's stock worth $146,000 after buying an additional 833 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Kelly Services by 7.5% in the 1st quarter. Blair William & Co. IL now owns 12,842 shares of the business services provider's stock valued at $169,000 after purchasing an additional 898 shares during the period. The Manufacturers Life Insurance Company grew its stake in Kelly Services by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,949 shares of the business services provider's stock valued at $140,000 after buying an additional 905 shares during the last quarter. Finally, Man Group plc grew its stake in Kelly Services by 6.6% in the 2nd quarter. Man Group plc now owns 24,780 shares of the business services provider's stock valued at $290,000 after buying an additional 1,532 shares during the last quarter. Institutional investors and hedge funds 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.

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