Kelly Services Inc. (KELYA) Hits New 12-Month High at $20.54
Shares of Kelly Services Inc. (NASDAQ:KELYA) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.54 and last traded at $20.43, with a volume of 61,864 shares changing hands. The stock had previously closed at $19.84.
A number of research firms recently weighed in on KELYA. Zacks Investment Research raised shares of Kelly Services from a “sell” rating to a “hold” rating in a research report on Wednesday. Northcoast Research lowered shares of Kelly Services from a “buy” rating to a “neutral” rating in a research report on Thursday, April 21st.
The firm has a 50 day moving average price of $19.37 and a 200-day moving average price of $17.93. The stock has a market cap of $769.46 million and a P/E ratio of 12.84.
Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Wednesday, May 11th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. During the same quarter last year, the firm posted $0.10 EPS. The business earned $1.30 billion during the quarter, compared to analyst estimates of $1.35 billion. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Kelly Services Inc. will post $1.59 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have recently bought and sold shares of the company. Donald Smith & CO. Inc. boosted its position in Kelly Services by 6.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 488,834 shares of the company’s stock valued at $7,895,000 after buying an additional 28,208 shares during the period. First Trust Advisors LP boosted its position in Kelly Services by 8.2% in the fourth quarter. First Trust Advisors LP now owns 151,872 shares of the company’s stock valued at $2,453,000 after buying an additional 11,462 shares during the period. Finally, Nationwide Fund Advisors boosted its position in Kelly Services by 47.7% in the fourth quarter. Nationwide Fund Advisors now owns 138,886 shares of the company’s stock valued at $2,243,000 after buying an additional 44,863 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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