Kelly Services Inc. (KELYA) Hits New 52-Week High at $20.54
Kelly Services Inc. (NASDAQ:KELYA) shares hit a new 52-week high on Tuesday . The stock traded as high as $20.54 and last traded at $20.43, with a volume of 61,864 shares trading hands. The stock had previously closed at $19.84.
Several brokerages recently weighed in on KELYA. Zacks Investment Research raised shares of Kelly Services from a “sell” rating to a “hold” rating in a research note on Monday, May 30th. Northcoast Research downgraded shares of Kelly Services from a “buy” rating to a “neutral” rating in a research note on Thursday, April 21st.
The firm’s 50-day moving average is $19.31 and its 200 day moving average is $17.90. The stock has a market capitalization of $771.37 million and a PE ratio of 12.87.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Wednesday, May 11th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business posted $0.10 earnings per share. Kelly Services’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect that Kelly Services Inc. will post $1.59 earnings per share for the current fiscal year.
Several hedge funds and institutional investors have modified their holdings of the stock. Nationwide Fund Advisors raised its position in shares of Kelly Services by 47.7% in the fourth quarter. Nationwide Fund Advisors now owns 138,886 shares of the company’s stock worth $2,243,000 after buying an additional 44,863 shares during the period. First Trust Advisors LP raised its position in shares of Kelly Services by 8.2% in the fourth quarter. First Trust Advisors LP now owns 151,872 shares of the company’s stock worth $2,453,000 after buying an additional 11,462 shares during the period. Wells Fargo & Company MN raised its position in shares of Kelly Services by 12.4% in the fourth quarter. Wells Fargo & Company MN now owns 106,050 shares of the company’s stock worth $1,713,000 after buying an additional 11,692 shares during the period. Finally, Donald Smith & CO. Inc. raised its position in shares of Kelly Services by 6.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 488,834 shares of the company’s stock worth $7,895,000 after buying an additional 28,208 shares during the period.
Kelly Services, Inc (Kelly) is a global workforce solutions provider. The Company operates as a staffing provider, which offers an array of specialty services. The Company places professional and technical employees at various levels in engineering, information technology (IT), science, law and healthcare.
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