Kelly Services Inc. (KELYA) Trading Up 2.8%
Kelly Services Inc. (NASDAQ:KELYA) was up 2.8% on Thursday . The company 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.
A number of equities research analysts have weighed in on KELYA shares. Northcoast Research cut Kelly Services from a “buy” rating to a “neutral” rating in a research note on Thursday, April 21st. Zacks Investment Research cut Kelly Services from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research note on Wednesday, April 20th.
The company has a market capitalization of $791.51 million and a price-to-earnings ratio of 13.21. The company has a 50 day moving average of $19.56 and a 200-day moving average of $18.13.
Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Wednesday, May 11th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. During the same period last year, the business posted $0.10 EPS. The company earned $1.30 billion during the quarter, compared to the consensus estimate of $1.35 billion. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Kelly Services Inc. will post $1.59 EPS for the current fiscal year.
A number of hedge funds have made changes to their positions in KELYA. Nationwide Fund Advisors increased 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 increased its stake 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 valued at $2,453,000 after buying an additional 11,462 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its stake 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 valued at $7,895,000 after buying an additional 28,208 shares during 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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