Kelly Services (NASDAQ:KELYA) Upgraded 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 analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Friday.

Separately, Barrington Research reiterated an "outperform" rating and issued a $25.00 target price on shares of Kelly Services in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $25.00.

Kelly Services Stock Performance

NASDAQ KELYA traded down $0.07 on Friday, hitting $14.10. 222,290 shares of the company's stock traded hands, compared to its average volume of 361,237. 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 has a 1-year low of $10.80 and a 1-year high of $22.44. The firm's 50-day moving average price is $12.92 and its two-hundred day moving average price is $12.59. The firm has a market capitalization of $497.03 million, a PE ratio of -70.50, a P/E/G ratio of 0.51 and a beta of 0.99.

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

Insider Buying and Selling

In related news, SVP Daniel H. Malan sold 7,650 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $14.40, for a total value of $110,160.00. Following the completion of the sale, the senior vice president owned 87,631 shares of the company's stock, valued at approximately $1,261,886.40. The trade was a 8.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 48.09% of the company's stock.

Institutional Investors Weigh In On Kelly Services

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of Kelly Services by 5,012.7% in the first quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock valued at $37,000 after purchasing an additional 2,757 shares during the period. Quarry LP purchased a new stake in shares of Kelly Services in the first quarter valued at about $48,000. Tower Research Capital LLC TRC grew its holdings 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 valued at $51,000 after purchasing an additional 1,967 shares during the period. State of Wyoming purchased a new stake in shares of Kelly Services in the second quarter valued at about $116,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Kelly Services in the first quarter valued at about $136,000. Hedge funds and other institutional investors own 76.34% of the company's stock.

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.