Kelly Services (NASDAQ:KELYA) Raised to Buy at StockNews.com

Kelly Services (NASDAQ:KELYA - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Kelly Services in a research note on Tuesday, February 18th.

Kelly Services Stock Up 1.2%

NASDAQ KELYA traded up $0.14 during trading on Monday, hitting $12.30. 371,103 shares of the company traded hands, compared to its average volume of 345,393. Kelly Services has a 12 month low of $10.80 and a 12 month high of $23.81. The business has a fifty day simple moving average of $12.23 and a 200 day simple moving average of $13.72. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $429.12 million, a P/E ratio of -204.97, a PEG ratio of 0.43 and a beta of 0.96.

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

Institutional Investors Weigh In On Kelly Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted its stake in shares of Kelly Services by 238.0% during the 3rd quarter. Barclays PLC now owns 63,638 shares of the business services provider's stock valued at $1,362,000 after buying an additional 44,811 shares in the last quarter. ARGA Investment Management LP grew its holdings in shares of Kelly Services by 28.6% during the 4th quarter. ARGA Investment Management LP now owns 97,482 shares of the business services provider's stock valued at $1,359,000 after purchasing an additional 21,672 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Kelly Services by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 37,404 shares of the business services provider's stock valued at $521,000 after buying an additional 945 shares during the period. Renaissance Technologies LLC purchased a new stake in Kelly Services during the 4th quarter valued at $5,343,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Kelly Services in the 4th quarter worth about $201,000. 76.34% of the stock is owned by institutional investors.

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.