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

Barrington Research restated their outperform rating on shares of Kelly Services (NASDAQ:KELYA) in a research note issued to investors on Tuesday morning,Benzinga reports. Barrington Research currently has a $25.00 price objective on the business services provider’s stock.

Kelly Services Price Performance

KELYA opened at $13.47 on Tuesday. The company’s 50 day simple moving average is $13.80 and its 200 day simple moving average is $17.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.61. Kelly Services has a 1 year low of $12.68 and a 1 year high of $25.27. The stock has a market capitalization of $479.63 million, a PE ratio of 11.71, a P/E/G ratio of 0.40 and a beta of 1.11.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.38. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. As a group, sell-side analysts expect that Kelly Services will post 1.93 EPS for the current year.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.30 dividend on an annualized basis and a yield of 2.23%. Kelly Services’s dividend payout ratio (DPR) is -500.00%.

Institutional Trading of Kelly Services

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of 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 buying an additional 1,883 shares during the last quarter. KBC Group NV raised its position in Kelly Services by 109.1% in the fourth quarter. KBC Group NV now owns 3,886 shares of the business services provider’s stock worth $54,000 after acquiring an additional 2,028 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Kelly Services by 49.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,277 shares of the business services provider’s stock worth $60,000 after acquiring an additional 1,406 shares in the last quarter. Palouse Capital Management Inc. raised its position 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 acquiring an additional 950 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Kelly Services by 3,062.7% in the fourth quarter. GAMMA Investing LLC now owns 9,330 shares of the business services provider’s stock worth $130,000 after acquiring an additional 9,035 shares in the last quarter. Hedge funds and other institutional investors 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.