Kelly Services (NASDAQ:KELYA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kelly Services (NASDAQ:KELYA) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other equities analysts have also recently issued reports on KELYA. Weiss Ratings raised Kelly Services from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 21st. Barrington Research boosted their target price on shares of Kelly Services from $15.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kelly Services currently has a consensus rating of “Hold” and an average target price of $20.00.

Kelly Services Price Performance

Shares of NASDAQ:KELYA opened at $16.23 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. Kelly Services has a twelve month low of $7.98 and a twelve month high of $17.75. The company’s 50 day moving average is $15.70 and its 200 day moving average is $12.10. The company has a market cap of $563.67 million, a PE ratio of -2.08, a price-to-earnings-growth ratio of 1.11 and a beta of 0.87.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, sell-side analysts forecast that Kelly Services will post 1.1 EPS for the current year.

Kelly Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a $0.075 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.8%. Kelly Services’s payout ratio is -3.84%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. acquired a new position in Kelly Services during the second quarter worth $5,704,000. RBF Capital LLC acquired a new stake in shares of Kelly Services in the fourth quarter valued at about $1,161,000. JB Capital Partners LP increased its stake in shares of Kelly Services by 76.3% during the fourth quarter. JB Capital Partners LP now owns 207,160 shares of the business services provider’s stock worth $1,823,000 after purchasing an additional 89,674 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Kelly Services during the first quarter worth about $4,371,000. Finally, Quantinno Capital Management LP increased its stake in shares of Kelly Services by 34.5% during the first quarter. Quantinno Capital Management LP now owns 189,010 shares of the business services provider’s stock worth $1,673,000 after purchasing an additional 48,431 shares in the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions and staffing company that connects employers with workers across a range of industries and skill levels. Its services include temporary staffing, direct-hire and professional recruiting, workforce management, and outsourcing solutions designed to help organizations manage their talent needs.

The company serves sectors including education, engineering, science, technology, healthcare, office administration, light industrial work, and contact centers.