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Thursday, January 1, 2020
Kelly Services Inc. (KELYA)
Latest Acquisition Adds to Educational Services Segment
Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company’s operations are divided into three business segments namely Americas Staffing, Global Talent Solutions (“GTS”) and International Staffing. It provides staffing solutions through its branch networks in Americas and International operations and also provides a suite of innovative talent fulfilment and outcome-based solutions through GTS segment. Americas Staffing generates maximum revenue from its operations.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Acquires Insight. After the market closed on Tuesday, Kelly announced the acquisition of Insight, a fast growing educational services staffing company serving some 60 school districts across four states. The Insight acquisition continues Kelly’s strategy of expanding its business in key specialties, in our view.
Strengthens Existing Markets. Insight strengthens Kelly’s presence in existing markets, although in three states, NJ, IL, and MA, it is almost like greenfield territory, while in PA, Insight will be additive to existing operations. Insight brings to the table a tech focus which may prove useful to Kelly’s existing operations. Key management is expected to remain with…
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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