Geode Capital Management LLC boosted its position in Kelly Services, Inc. (NASDAQ:KELYA) by 11.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,881 shares of the business services provider’s stock after buying an additional 32,392 shares during the period. Geode Capital Management LLC’s holdings in Kelly Services were worth $6,927,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KELYA. Louisiana State Employees Retirement System raised its position in Kelly Services by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the business services provider’s stock worth $260,000 after buying an additional 100 shares in the last quarter. Prudential Financial Inc. raised its position in Kelly Services by 0.4% in the first quarter. Prudential Financial Inc. now owns 50,288 shares of the business services provider’s stock worth $1,099,000 after buying an additional 180 shares in the last quarter. Arizona State Retirement System raised its position in Kelly Services by 1.3% in the first quarter. Arizona State Retirement System now owns 15,260 shares of the business services provider’s stock worth $334,000 after buying an additional 200 shares in the last quarter. Capital One National Association raised its position in Kelly Services by 1.0% in the first quarter. Capital One National Association now owns 21,081 shares of the business services provider’s stock worth $461,000 after buying an additional 218 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its position in Kelly Services by 3.3% in the first quarter. Eqis Capital Management Inc. now owns 10,937 shares of the business services provider’s stock worth $239,000 after buying an additional 347 shares in the last quarter. 65.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Kelly Services, Inc. (NASDAQ:KELYA) traded down 0.54% on Monday, hitting $22.22. 2,846 shares of the stock were exchanged. Kelly Services, Inc. has a one year low of $18.01 and a one year high of $24.70. The company has a 50-day moving average price of $22.58 and a 200-day moving average price of $22.19. The firm has a market capitalization of $850.74 million, a PE ratio of 7.18 and a beta of 0.98.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, May 11th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.14. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Kelly Services had a net margin of 2.37% and a return on equity of 6.39%. Kelly Services’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. Equities research analysts expect that Kelly Services, Inc. will post $1.72 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Kelly Services, Inc. (KELYA) Shares Bought by Geode Capital Management LLC” was reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2017/08/07/kelly-services-inc-kelya-shares-bought-by-geode-capital-management-llc.html.

A number of research firms have weighed in on KELYA. BidaskClub lowered shares of Kelly Services from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. ValuEngine lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Zacks Investment Research lowered shares of Kelly Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Kelly Services in a research report on Friday, May 12th.

In other Kelly Services news, insider Antonina M. Ramsey sold 15,000 shares of Kelly Services stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $24.13, for a total value of $361,950.00. Following the completion of the sale, the insider now owns 47,678 shares in the company, valued at approximately $1,150,470.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald R. Parfet sold 22,029 shares of Kelly Services stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $23.10, for a total transaction of $508,869.90. Following the completion of the sale, the director now owns 23,520 shares of the company’s stock, valued at approximately $543,312. The disclosure for this sale can be found here. Company insiders own 13.30% of the company’s stock.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).

Want to see what other hedge funds are holding KELYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kelly Services, Inc. (NASDAQ:KELYA).

Institutional Ownership by Quarter for Kelly Services (NASDAQ:KELYA)

Receive News & Ratings for Kelly Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelly Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.