Kelly Services (NASDAQ:KELYA) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Kelly Services (NASDAQ:KELYA) from a buy rating to a hold rating in a report released on Saturday.

A number of other research firms have also recently issued reports on KELYA. Zacks Research cut Kelly Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. UBS Group reiterated an “outperform” rating on shares of Kelly Services in a research report on Friday, September 12th. Barrington Research decreased their target price on shares of Kelly Services from $25.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.00.

Kelly Services Stock Performance

Shares of KELYA stock opened at $8.54 on Friday. The company has a market cap of $301.80 million, a P/E ratio of -42.70, a PEG ratio of 0.41 and a beta of 0.86. The business has a 50 day moving average of $12.14 and a two-hundred day moving average of $12.45. Kelly Services has a 52 week low of $8.31 and a 52 week high of $15.71. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.06.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). Kelly Services had a positive return on equity of 5.65% and a negative net margin of 0.14%.The company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $972.80 million. Kelly Services has set its Q4 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts anticipate that Kelly Services will post 2.45 EPS for the current year.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, November 19th. Kelly Services’s dividend payout ratio (DPR) is currently -6.70%.

Insider Buying and Selling

In other Kelly Services news, SVP Nicola M. Soares sold 27,412 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $13.43, for a total value of $368,143.16. Following the completion of the sale, the senior vice president directly owned 40,134 shares in the company, valued at $538,999.62. This represents a 40.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Daniel H. Malan sold 7,840 shares of Kelly Services stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $12.86, for a total value of $100,822.40. Following the transaction, the senior vice president owned 79,791 shares in the company, valued at approximately $1,026,112.26. This trade represents a 8.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 52,902 shares of company stock valued at $721,526 over the last 90 days. 48.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kelly Services

A number of institutional investors and hedge funds have recently bought and sold shares of KELYA. US Bancorp DE grew its stake in shares of Kelly Services by 8.1% in the 1st quarter. US Bancorp DE now owns 11,074 shares of the business services provider’s stock worth $146,000 after purchasing an additional 833 shares during the last quarter. Blair William & Co. IL lifted its stake in Kelly Services by 7.5% during the first quarter. Blair William & Co. IL now owns 12,842 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 898 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Kelly Services by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 11,949 shares of the business services provider’s stock worth $140,000 after buying an additional 905 shares in the last quarter. Versant Capital Management Inc grew its position in Kelly Services by 52.0% in the third quarter. Versant Capital Management Inc now owns 3,006 shares of the business services provider’s stock worth $39,000 after buying an additional 1,028 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Kelly Services by 173.2% in the third quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock valued at $26,000 after buying an additional 1,249 shares in the last quarter. 76.34% of the stock is owned by institutional investors and hedge funds.

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.