TIAA CREF Investment Management LLC cut its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,642 shares of the business services provider’s stock after selling 4,699 shares during the period. TIAA CREF Investment Management LLC’s holdings in Kelly Services were worth $2,047,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KELYA. Mason Street Advisors LLC increased its stake in Kelly Services by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,837 shares of the business services provider’s stock worth $149,000 after buying an additional 449 shares in the last quarter. Victory Capital Management Inc. increased its stake in Kelly Services by 34.6% in the first quarter. Victory Capital Management Inc. now owns 7,213 shares of the business services provider’s stock worth $158,000 after buying an additional 1,856 shares in the last quarter. Eqis Capital Management Inc. increased its stake 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. Louisiana State Employees Retirement System increased its stake 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. Finally, Sawgrass Asset Management LLC increased its stake in Kelly Services by 10.7% in the first quarter. Sawgrass Asset Management LLC now owns 14,530 shares of the business services provider’s stock worth $318,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 65.86% of the company’s stock.

Shares of Kelly Services, Inc. (KELYA) opened at 22.39 on Monday. The firm has a market capitalization of $857.25 million, a PE ratio of 7.24 and a beta of 0.98. The stock has a 50 day moving average price of $22.58 and a 200-day moving average price of $22.19. Kelly Services, Inc. has a 52 week low of $18.01 and a 52 week high of $24.70.

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

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Kelly Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub cut Kelly Services from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. ValuEngine raised Kelly Services from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Kelly Services in a research note on Friday, May 12th.

In related news, insider Antonina M. Ramsey sold 15,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $24.13, for a total value of $361,950.00. Following the transaction, the insider now directly owns 47,678 shares of the company’s stock, valued at approximately $1,150,470.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Donald R. Parfet sold 22,029 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $23.10, for a total value of $508,869.90. Following the completion of the transaction, the director now directly owns 23,520 shares in the company, valued at $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).

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

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