Wall Street Zen upgraded shares of Kelly Services (NASDAQ:KELYA – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday.
Separately, Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Kelly Services in a report on Friday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $25.00.
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Check Out Our Latest Analysis on KELYA
Kelly Services Stock Down 1.2%
Kelly Services stock opened at $13.64 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. Kelly Services has a 12-month low of $10.80 and a 12-month high of $22.44. The firm’s fifty day moving average is $13.37 and its 200 day moving average is $12.58. The company has a market capitalization of $480.84 million, a PE ratio of -68.20, a PEG ratio of 0.49 and a beta of 0.89.
Kelly Services (NASDAQ:KELYA – Get Free Report) last released its earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Kelly Services will post 2.45 EPS for the current fiscal year.
Kelly Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, August 20th. Kelly Services’s dividend payout ratio (DPR) is -150.00%.
Insider Activity at Kelly Services
In other news, SVP Daniel H. Malan sold 10,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 95,281 shares in the company, valued at approximately $1,356,801.44. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 48.09% of the company’s stock.
Institutional Investors Weigh In On Kelly Services
Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in shares of Kelly Services by 5,012.7% in the 1st quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider’s stock worth $37,000 after acquiring an additional 2,757 shares during the last quarter. Quarry LP bought a new stake in shares of Kelly Services in the 1st quarter worth approximately $48,000. Tower Research Capital LLC TRC lifted its holdings in shares of Kelly Services by 83.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock worth $51,000 after acquiring an additional 1,967 shares during the last quarter. State of Wyoming purchased a new position in shares of Kelly Services in the second quarter worth $116,000. Finally, PharVision Advisers LLC purchased a new position in shares of Kelly Services in the first quarter worth $136,000. 76.34% of the stock is currently owned by institutional investors.
About Kelly Services
(Get Free Report)
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.
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