Kelly Services (NASDAQ:KELYA) Given New $25.00 Price Target at Barrington Research

Kelly Services (NASDAQ:KELYA) had its price objective decreased by Barrington Research from $29.00 to $25.00 in a research note published on Monday,Benzinga reports. Barrington Research currently has an outperform rating on the business services provider’s stock.

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

Kelly Services Price Performance

Shares of KELYA stock opened at $14.16 on Monday. 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 $503.67 million, a price-to-earnings ratio of 12.31, a PEG ratio of 0.54 and a beta of 1.20. The business’s fifty day moving average is $19.95 and its 200 day moving average is $21.05. Kelly Services has a twelve month low of $14.16 and a twelve month high of $25.27.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. Research analysts expect that Kelly Services will post 2.07 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, November 20th. Kelly Services’s dividend payout ratio is currently 26.09%.

Institutional Trading of Kelly Services

A number of institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Kelly Services in the second quarter worth $30,000. Innealta Capital LLC purchased a new stake in shares of Kelly Services during the 2nd quarter valued at about $39,000. nVerses Capital LLC bought a new position in shares of Kelly Services in the 2nd quarter worth approximately $47,000. Meeder Asset Management Inc. purchased a new position in shares of Kelly Services in the second quarter worth approximately $51,000. Finally, SG Americas Securities LLC bought a new stake in Kelly Services during the first quarter valued at approximately $125,000. Hedge funds and other institutional investors 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.