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

Barrington Research restated their outperform rating on shares of Kelly Services (NASDAQ:KELYA) in a report issued on Friday, Benzinga reports. Barrington Research currently has a $29.00 price target on the business services provider’s stock.

Separately, StockNews.com lowered Kelly Services from a buy rating to a hold rating in a research note on Friday, August 9th.

Kelly Services Stock Up 1.4 %

Shares of NASDAQ KELYA opened at $21.41 on Friday. The firm has a market cap of $760.53 million, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 0.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.61 and a current ratio of 1.61. Kelly Services has a 1 year low of $17.40 and a 1 year high of $25.27. The firm’s 50 day moving average price is $21.09 and its 200 day moving average price is $22.15.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.56 by $0.15. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Kelly Services had a return on equity of 7.82% and a net margin of 1.09%. The firm’s revenue was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, sell-side analysts anticipate that Kelly Services will post 2.49 earnings per share for the current year.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.30 dividend on an annualized basis and a yield of 1.40%. Kelly Services’s dividend payout ratio (DPR) is 21.58%.

Institutional Trading of Kelly Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Kelly Services by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,707,721 shares of the business services provider’s stock worth $57,972,000 after purchasing an additional 21,230 shares during the period. Boston Partners acquired a new stake in Kelly Services during the first quarter worth about $18,618,000. American Century Companies Inc. lifted its holdings in Kelly Services by 35.9% in the second quarter. American Century Companies Inc. now owns 682,857 shares of the business services provider’s stock worth $14,620,000 after acquiring an additional 180,238 shares during the last quarter. LSV Asset Management boosted its stake in Kelly Services by 5.2% in the second quarter. LSV Asset Management now owns 615,729 shares of the business services provider’s stock valued at $13,183,000 after acquiring an additional 30,300 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Kelly Services by 5.8% during the second quarter. AQR Capital Management LLC now owns 371,548 shares of the business services provider’s stock valued at $7,955,000 after purchasing an additional 20,520 shares during the last quarter. 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.