Kelly Services (NASDAQ:KELYA) Receives Outperform Rating from Barrington Research

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

Kelly Services Trading Down 0.2 %

Shares of NASDAQ:KELYA opened at $21.58 on Tuesday. Kelly Services has a 52 week low of $16.62 and a 52 week high of $25.27. The company’s 50 day moving average is $23.51 and its two-hundred day moving average is $22.37. The company has a market cap of $766.52 million, a PE ratio of 15.57, a P/E/G ratio of 0.90 and a beta of 1.19.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Kelly Services had a return on equity of 6.87% and a net margin of 1.11%. As a group, equities research analysts expect that Kelly Services will post 1.87 EPS for the current year.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th will be paid a $0.075 dividend. The ex-dividend date is Friday, May 17th. This represents a $0.30 annualized dividend and a yield of 1.39%. Kelly Services’s dividend payout ratio is presently 21.58%.

Insider Transactions at Kelly Services

In other news, EVP Olivier Thirot sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $24.07, for a total value of $481,400.00. Following the completion of the sale, the executive vice president now directly owns 174,793 shares of the company’s stock, valued at $4,207,267.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Kelly Services news, EVP Olivier Thirot sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $24.07, for a total transaction of $481,400.00. Following the completion of the sale, the executive vice president now directly owns 174,793 shares of the company’s stock, valued at approximately $4,207,267.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy L. Dupree sold 12,711 shares of Kelly Services stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $24.98, for a total value of $317,520.78. Following the completion of the transaction, the senior vice president now owns 32,392 shares in the company, valued at $809,152.16. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Kelly Services

A number of large investors have recently bought and sold shares of KELYA. Boston Partners acquired a new stake in shares of Kelly Services in the 1st quarter valued at approximately $18,618,000. Caxton Associates LP lifted its holdings in Kelly Services by 28.8% in the first quarter. Caxton Associates LP now owns 30,574 shares of the business services provider’s stock valued at $766,000 after acquiring an additional 6,843 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in shares of Kelly Services during the 1st quarter worth $225,000. Lazard Asset Management LLC acquired a new position in shares of Kelly Services during the 1st quarter worth $177,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Kelly Services by 73.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 59,416 shares of the business services provider’s stock valued at $1,488,000 after purchasing an additional 25,219 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.