Kelly Services (NASDAQ:KELYA) Earns "Outperform" Rating from Barrington Research

Kelly Services (NASDAQ:KELYA - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Barrington Research in a note issued to investors on Tuesday,Benzinga reports. They currently have a $25.00 price objective on the business services provider's stock. Barrington Research's price objective points to a potential upside of 80.25% from the company's current price.

Kelly Services Stock Up 1.3 %

Shares of NASDAQ:KELYA traded up $0.18 during mid-day trading on Tuesday, hitting $13.87. 410,858 shares of the company traded hands, compared to its average volume of 318,982. The firm's 50 day simple moving average is $13.76 and its 200 day simple moving average is $17.11. The firm has a market cap of $483.92 million, a P/E ratio of -231.13, a PEG ratio of 0.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. Kelly Services has a 52-week low of $12.68 and a 52-week high of $25.27.

Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.38. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. On average, equities analysts anticipate that Kelly Services will post 2.45 EPS for the current year.

Institutional Investors Weigh In On Kelly Services

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in Kelly Services by 367.1% in the fourth quarter. Versant Capital Management Inc now owns 2,396 shares of the business services provider's stock worth $33,000 after purchasing an additional 1,883 shares in the last quarter. KBC Group NV increased its holdings in shares of Kelly Services by 109.1% in the 4th quarter. KBC Group NV now owns 3,886 shares of the business services provider's stock valued at $54,000 after acquiring an additional 2,028 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Kelly Services by 49.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider's stock valued at $60,000 after acquiring an additional 1,406 shares in the last quarter. Quest Partners LLC bought a new position in Kelly Services during the third quarter worth $158,000. Finally, Palouse Capital Management Inc. boosted its holdings 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. Institutional investors and hedge funds 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.