Kelly Services (NASDAQ:KELYA) Rating Lowered to Buy at Wall Street Zen

Kelly Services (NASDAQ:KELYA) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities research analysts have also issued reports on KELYA. UBS Group reissued an “outperform” rating on shares of Kelly Services in a research note on Friday, September 12th. Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Kelly Services in a report on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.00.

Kelly Services Trading Down 0.2%

Shares of NASDAQ:KELYA opened at $12.56 on Friday. 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 12-month low of $10.80 and a 12-month high of $22.44. The business has a 50 day moving average of $13.39 and a two-hundred day moving average of $12.58. The company has a market capitalization of $442.74 million, a PE ratio of -62.80, a PEG ratio of 0.45 and a beta of 0.85.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share 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 firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. Kelly Services has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Kelly Services will post 2.45 EPS for the current year.

Insider Activity at Kelly Services

In related news, SVP Nicola M. Soares sold 27,412 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $13.43, for a total transaction of $368,143.16. Following the completion of the transaction, the senior vice president owned 40,134 shares in the company, valued at approximately $538,999.62. The trade was a 40.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Daniel H. Malan sold 10,000 shares of the 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 directly owned 95,281 shares in the company, valued at $1,356,801.44. This trade represents a 9.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,902 shares of company stock valued at $721,526 in the last quarter. 3.90% of the stock is currently owned by company insiders.

Institutional Trading of Kelly Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ARGA Investment Management LP lifted its position in shares of Kelly Services by 9.2% during the 1st quarter. ARGA Investment Management LP now owns 106,403 shares of the business services provider’s stock worth $1,401,000 after buying an additional 8,921 shares during the last quarter. CWM LLC raised its stake in Kelly Services by 13.6% during the 1st quarter. CWM LLC now owns 50,737 shares of the business services provider’s stock worth $668,000 after acquiring an additional 6,082 shares in the last quarter. Victory Capital Management Inc. raised its stake in Kelly Services by 114.3% during the 1st quarter. Victory Capital Management Inc. now owns 69,891 shares of the business services provider’s stock worth $920,000 after acquiring an additional 37,280 shares in the last quarter. Foundry Partners LLC lifted its position in Kelly Services by 35.3% in the first quarter. Foundry Partners LLC now owns 368,875 shares of the business services provider’s stock valued at $4,858,000 after acquiring an additional 96,265 shares during the last quarter. Finally, Legato Capital Management LLC boosted its stake in Kelly Services by 140.5% in the first quarter. Legato Capital Management LLC now owns 50,570 shares of the business services provider’s stock valued at $666,000 after acquiring an additional 29,539 shares in the last quarter. Institutional investors and hedge funds 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.