Kelly Services (NASDAQ:KELYA) Upgraded to Strong-Buy at Wall Street Zen

Key Points

• Kelly Services has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen in a recent analyst report.
• The company reported a $0.54 EPS for the previous quarter, matching analysts' expectations, with a revenue of $1.10 billion.
• Millennium Management LLC significantly increased its holdings in Kelly Services, boosting its investment by 2,251.9% during the fourth quarter.

Kelly Services (NASDAQ:KELYA - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday.

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Kelly Services in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Kelly Services currently has a consensus rating of "Buy" and a consensus price target of $25.00.

Kelly Services Price Performance

Shares of NASDAQ KELYA opened at $14.64 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.52. Kelly Services has a fifty-two week low of $10.80 and a fifty-two week high of $22.44. The stock has a market capitalization of $516.06 million, a PE ratio of -73.20, a P/E/G ratio of 0.51 and a beta of 0.99. The business has a fifty day moving average price of $12.72 and a two-hundred day moving average price of $12.57.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 EPS for the quarter, meeting 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 firm 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. As a group, equities analysts predict that Kelly Services will post 2.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Daniel H. Malan sold 10,000 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $14.24, for a total value of $142,400.00. Following the completion of the transaction, the senior vice president owned 95,281 shares of the company's stock, valued at approximately $1,356,801.44. This represents a 9.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 48.09% of the company's stock.

Hedge Funds Weigh In On Kelly Services

Several institutional investors have recently bought and sold shares of KELYA. Millennium Management LLC increased its holdings in Kelly Services by 2,251.9% in the fourth quarter. Millennium Management LLC now owns 1,095,238 shares of the business services provider's stock valued at $15,268,000 after buying an additional 1,048,670 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Kelly Services during the first quarter worth about $8,739,000. Jane Street Group LLC boosted its position in Kelly Services by 2,489.0% during the fourth quarter. Jane Street Group LLC now owns 603,057 shares of the business services provider's stock worth $8,407,000 after acquiring an additional 579,764 shares during the last quarter. Royce & Associates LP acquired a new position in Kelly Services during the first quarter worth about $5,947,000. Finally, CSM Advisors LLC acquired a new position in Kelly Services during the second quarter worth about $4,807,000. 76.34% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.