Kelly Services, Inc. (KELYA) Trading Up 2.8%
Shares of Kelly Services, Inc. (NASDAQ:KELYA) were up 2.8% on Thursday . The stock traded as high as $20.93 and last traded at $20.93, with a volume of 72,808 shares trading hands. The stock had previously closed at $20.36.
Several analysts have weighed in on KELYA shares. Zacks Investment Research downgraded Kelly Services from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Wednesday, April 20th. Northcoast Research cut Kelly Services from a “buy” rating to a “neutral” rating in a report on Thursday, April 21st.
The company has a market capitalization of $791.51 million and a price-to-earnings ratio of 13.21. The stock’s 50-day moving average is $19.50 and its 200 day moving average is $18.07.
Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Wednesday, May 11th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company earned $1.30 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business posted $0.10 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Equities analysts expect that Kelly Services, Inc. will post $1.59 earnings per share for the current year.
Several hedge funds recently made changes to their positions in the stock. Nationwide Fund Advisors boosted its stake 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 valued at $2,243,000 after buying an additional 44,863 shares during the last quarter. First Trust Advisors LP boosted its stake in 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 in the last quarter. Finally, Donald Smith & CO. Inc. boosted its stake in 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 in the last quarter.
Kelly Services, Inc is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG).
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