Kelly Services (NASDAQ:KELYA) Stock Rating Lowered by Wall Street Zen

Kelly Services (NASDAQ:KELYA) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on the stock. UBS Group reaffirmed an “outperform” rating on shares of Kelly Services in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a research note on Wednesday, October 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Kelly Services in a research note on Tuesday, September 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.00.

Kelly Services Stock Performance

Shares of NASDAQ KELYA opened at $12.56 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a fifty day moving average price of $13.39 and a 200-day moving average price of $12.56. Kelly Services has a 1 year low of $10.80 and a 1 year high of $22.44. The stock has a market cap of $442.74 million, a PE ratio of -62.80, a price-to-earnings-growth ratio of 0.45 and a beta of 0.85.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. Kelly Services has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Kelly Services will post 2.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Daniel H. Malan sold 7,840 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $12.86, for a total transaction of $100,822.40. Following the completion of the sale, the senior vice president directly owned 79,791 shares of the company’s stock, valued at approximately $1,026,112.26. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Nicola M. Soares sold 27,412 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $13.43, for a total transaction of $368,143.16. Following the sale, the senior vice president directly owned 40,134 shares of the company’s stock, valued at $538,999.62. This represents a 40.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,902 shares of company stock valued at $721,526 over the last three months. Insiders own 48.09% of the company’s stock.

Institutional Trading of Kelly Services

A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Kelly Services during the 3rd quarter worth $158,000. CWM LLC raised its holdings in shares of Kelly Services by 57.5% in the third quarter. CWM LLC now owns 97,801 shares of the business services provider’s stock valued at $1,283,000 after acquiring an additional 35,698 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Kelly Services in the third quarter valued at about $1,328,000. GAMMA Investing LLC raised its holdings in shares of Kelly Services by 175.4% in the third quarter. GAMMA Investing LLC now owns 3,385 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 2,156 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Kelly Services by 123.8% in the second quarter. Squarepoint Ops LLC now owns 191,808 shares of the business services provider’s stock valued at $2,246,000 after acquiring an additional 106,100 shares in the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

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.