Kelly Services Inc. (KELYA) Reaches New 12-Month High at $20.54
Kelly Services Inc. (NASDAQ:KELYA)’s share price hit a new 52-week high on Tuesday . The company traded as high as $20.54 and last traded at $20.42, with a volume of 20,122 shares traded. The stock had previously closed at $20.49.
A number of brokerages have 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, July 13th. Northcoast Research cut shares of Kelly Services from a “buy” rating to a “neutral” rating in a research report on Thursday, April 21st.
The company’s 50 day moving average is $19.50 and its 200-day moving average is $18.07. The company has a market cap of $774.03 million and a price-to-earnings ratio of 12.92.
Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company earned $1.30 billion during the quarter, compared to the consensus estimate of $1.35 billion. Kelly Services’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. Equities analysts predict that Kelly Services Inc. will post $1.59 earnings per share for the current fiscal year.
A number of institutional investors have made changes to their positions in the stock. First Trust Advisors LP boosted 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 valued at $2,453,000 after buying an additional 11,462 shares during the period. Nationwide Fund Advisors boosted 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 valued at $2,243,000 after buying an additional 44,863 shares during the period. Finally, Donald Smith & CO. Inc. boosted 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 valued at $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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