StockNews.com Downgrades Kelly Services (NASDAQ:KELYA) to Hold

Kelly Services (NASDAQ:KELYA) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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

Kelly Services Price Performance

NASDAQ KELYA opened at $11.86 on Tuesday. The stock has a market capitalization of $413.77 million, a price-to-earnings ratio of -197.63, a PEG ratio of 0.43 and a beta of 0.96. Kelly Services has a 1-year low of $10.80 and a 1-year high of $23.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.65. The business’s fifty day moving average price is $12.17 and its 200-day moving average price is $13.50.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data 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). Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. On average, equities analysts predict that Kelly Services will post 2.45 earnings per share for the current year.

Institutional Trading of Kelly Services

Several hedge funds have recently bought and sold shares of the stock. Boston Partners raised its position in shares of Kelly Services by 9.2% during the 1st quarter. Boston Partners now owns 2,062,292 shares of the business services provider’s stock valued at $26,622,000 after purchasing an additional 172,903 shares during the period. Millennium Management LLC boosted its holdings in Kelly Services by 8.5% in the 1st quarter. Millennium Management LLC now owns 1,188,264 shares of the business services provider’s stock worth $15,649,000 after buying an additional 93,026 shares during the period. American Century Companies Inc. increased its stake in Kelly Services by 10.7% in the 4th quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider’s stock worth $12,506,000 after buying an additional 86,560 shares in the last quarter. Geode Capital Management LLC raised its holdings in Kelly Services by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 791,125 shares of the business services provider’s stock valued at $11,031,000 after acquiring an additional 9,464 shares during the period. Finally, Nuveen LLC bought a new stake in Kelly Services during the first quarter valued at about $8,739,000. Institutional investors own 76.34% of the company’s stock.

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.