Kelly Services’ (KELYA) Outperform Rating Reaffirmed at Barrington Research

Kelly Services (NASDAQ:KELYA)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $25.00 price objective on the business services provider’s stock. Barrington Research’s price target suggests a potential upside of 86.01% from the company’s previous close.

Kelly Services Stock Performance

Shares of KELYA stock opened at $13.44 on Wednesday. The firm’s 50-day simple moving average is $13.83 and its 200-day simple moving average is $17.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.61. Kelly Services has a 1-year low of $12.68 and a 1-year high of $25.27. The firm has a market cap of $478.60 million, a P/E ratio of 11.69, a PEG ratio of 0.40 and a beta of 1.11.

Insider Transactions at Kelly Services

In related news, SVP Daniel H. Malan bought 3,500 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $13.88 per share, with a total value of $48,580.00. Following the completion of the transaction, the senior vice president now directly owns 95,906 shares of the company’s stock, valued at approximately $1,331,175.28. This represents a 3.79 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.90% of the company’s stock.

Institutional Trading of Kelly Services

Several large investors have recently modified their holdings of the business. Boston Partners raised its stake in Kelly Services by 49.0% during the fourth quarter. Boston Partners now owns 1,889,389 shares of the business services provider’s stock valued at $26,450,000 after buying an additional 621,078 shares in the last quarter. State Street Corp raised its position in shares of Kelly Services by 1.4% during the 3rd quarter. State Street Corp now owns 1,253,704 shares of the business services provider’s stock valued at $26,842,000 after acquiring an additional 17,579 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Kelly Services by 45.7% during the third quarter. Pacer Advisors Inc. now owns 1,211,791 shares of the business services provider’s stock worth $25,944,000 after purchasing an additional 380,035 shares during the last quarter. American Century Companies Inc. boosted its holdings in Kelly Services by 10.7% in the fourth quarter. American Century Companies Inc. now owns 897,155 shares of the business services provider’s stock worth $12,506,000 after purchasing an additional 86,560 shares during the period. Finally, Geode Capital Management LLC increased its stake in Kelly Services by 1.2% during the third quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock valued at $16,739,000 after purchasing an additional 9,635 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

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.