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

Kelly Services (NASDAQ:KELYA) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

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

Kelly Services Stock Up 0.2%

NASDAQ KELYA opened at $12.38 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market capitalization of $431.91 million, a P/E ratio of -206.30, a P/E/G ratio of 0.43 and a beta of 0.96. Kelly Services has a one year low of $10.80 and a one year high of $23.81. The stock has a 50 day moving average price of $12.28 and a 200-day moving average price of $13.78.

Kelly Services (NASDAQ:KELYA) last posted 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 firm 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%. As a group, equities analysts predict that Kelly Services will post 2.45 EPS for the current fiscal year.

Institutional Trading of Kelly Services

A number of institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in 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 worth $37,000 after purchasing an additional 2,757 shares during the period. KBC Group NV increased its stake in Kelly Services by 109.1% in the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock worth $54,000 after purchasing an additional 2,028 shares during the period. Parkside Financial Bank & Trust increased its stake in Kelly Services by 49.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock worth $60,000 after purchasing an additional 1,406 shares during the period. Palouse Capital Management Inc. increased its stake in Kelly Services by 13.1% in the fourth quarter. Palouse Capital Management Inc. now owns 8,194 shares of the business services provider’s stock worth $114,000 after purchasing an additional 950 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Kelly Services in the fourth quarter worth $153,000. 76.34% of the stock is currently owned by 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.