Kelly Services (NASDAQ:KELYA) Lowered to "Hold" Rating by Wall Street Zen

Kelly Services (NASDAQ:KELYA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Tuesday.

Separately, Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of Kelly Services in a report on Tuesday, February 18th.

Kelly Services Stock Down 1.5%

Shares of NASDAQ KELYA traded down $0.18 during mid-day trading on Tuesday, hitting $11.67. 219,649 shares of the stock traded hands, compared to its average volume of 343,800. The company has a market cap of $407.14 million, a price-to-earnings ratio of -194.47, a PEG ratio of 0.43 and a beta of 0.96. The stock has a fifty day moving average price of $12.11 and a 200-day moving average price of $13.29. Kelly Services has a 52 week low of $10.80 and a 52 week high of $23.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its earnings results on Thursday, May 8th. The business services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. Research analysts anticipate that Kelly Services will post 2.45 EPS for the current year.

Institutional Trading of Kelly Services

Several institutional investors have recently added to or reduced their stakes in KELYA. Millennium Management LLC boosted its holdings in shares of Kelly Services by 2,251.9% during 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. Nuveen LLC purchased a new stake in Kelly Services in the first quarter worth approximately $8,739,000. Boston Partners grew its position in 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 purchasing an additional 621,078 shares during the period. Jane Street Group LLC grew its position in Kelly Services by 2,489.0% in the 4th quarter. Jane Street Group LLC now owns 603,057 shares of the business services provider's stock worth $8,407,000 after purchasing an additional 579,764 shares during the period. Finally, Royce & Associates LP purchased a new stake in Kelly Services during the 1st quarter valued at $5,947,000. 76.34% of the stock is currently 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.