Kelly Services, Inc. (NASDAQ:KELYA) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Zacks has also given Kelly Services an industry rank of 94 out of 265 based on the ratings given to related companies.

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A number of research firms have issued reports on KELYA. Zacks Investment Research upgraded Kelly Services from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, February 7th. BidaskClub upgraded Kelly Services from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Finally, ValuEngine upgraded Kelly Services from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Kelly Services in the fourth quarter worth $210,000. Macquarie Group Ltd. purchased a new stake in shares of Kelly Services in the third quarter worth $218,000. SG Americas Securities LLC grew its stake in shares of Kelly Services by 78.9% in the third quarter. SG Americas Securities LLC now owns 9,288 shares of the business services provider’s stock worth $233,000 after acquiring an additional 4,097 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Kelly Services in the fourth quarter worth $240,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Kelly Services in the fourth quarter worth $303,000. 68.09% of the stock is currently owned by hedge funds and other institutional investors.

KELYA opened at $30.43 on Friday. The firm has a market capitalization of $1,162.06, a price-to-earnings ratio of 13.74 and a beta of 1.01. Kelly Services has a 12-month low of $20.33 and a 12-month high of $30.99.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. Kelly Services had a return on equity of 7.92% and a net margin of 1.33%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. equities analysts forecast that Kelly Services will post 2.35 EPS for the current year.

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About Kelly Services

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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