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

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

Kelly Services Price Performance

KELYA stock opened at $13.44 on Wednesday. The business has a 50 day moving average price of $13.83 and a 200 day moving average price of $17.53. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The stock has a market cap of $478.60 million, a price-to-earnings ratio of 11.69, a PEG ratio of 0.40 and a beta of 1.11. Kelly Services has a fifty-two week low of $12.68 and a fifty-two week high of $25.27.

Insiders Place Their Bets

In other Kelly Services news, SVP Daniel H. Malan bought 3,500 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $13.88 per share, for a total transaction of $48,580.00. Following the completion of the purchase, the senior vice president now 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 filing with the Securities & Exchange Commission, which is accessible through this link. 3.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kelly Services

Large investors have recently modified their holdings of the business. Barclays PLC increased its position in Kelly Services by 238.0% during the 3rd quarter. Barclays PLC now owns 63,638 shares of the business services provider’s stock worth $1,362,000 after purchasing an additional 44,811 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Kelly Services by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock worth $16,739,000 after purchasing an additional 9,635 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Kelly Services by 1,730.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 234,057 shares of the business services provider’s stock worth $5,011,000 after purchasing an additional 221,271 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Kelly Services during the third quarter worth about $2,122,000. Finally, Franklin Resources Inc. raised its position in shares of Kelly Services by 9.3% in the third quarter. Franklin Resources Inc. now owns 22,362 shares of the business services provider’s stock valued at $456,000 after buying an additional 1,905 shares during the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

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.