Goldman Sachs Group Inc. increased its position in Kelly Services, Inc. (NASDAQ:KELYA) by 32.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,929 shares of the business services provider’s stock after buying an additional 16,504 shares during the quarter. Goldman Sachs Group Inc. owned 0.19% of Kelly Services worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Kelly Services by 0.3% in the second quarter. Vanguard Group Inc. now owns 2,720,771 shares of the business services provider’s stock valued at $61,081,000 after purchasing an additional 9,394 shares during the last quarter. LSV Asset Management lifted its position in Kelly Services by 4.7% in the second quarter. LSV Asset Management now owns 838,861 shares of the business services provider’s stock valued at $18,832,000 after purchasing an additional 37,600 shares during the last quarter. State Street Corp lifted its position in Kelly Services by 17.8% in the first quarter. State Street Corp now owns 751,076 shares of the business services provider’s stock valued at $16,416,000 after purchasing an additional 113,572 shares during the last quarter. Northpointe Capital LLC lifted its position in Kelly Services by 45.5% in the second quarter. Northpointe Capital LLC now owns 664,425 shares of the business services provider’s stock valued at $14,916,000 after purchasing an additional 207,671 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Kelly Services by 52.7% in the second quarter. Northern Trust Corp now owns 567,333 shares of the business services provider’s stock valued at $12,736,000 after purchasing an additional 195,919 shares during the last quarter. Institutional investors own 66.23% of the company’s stock.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.24. Kelly Services had a return on equity of 6.88% and a net margin of 2.58%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $0.29 EPS. Kelly Services’s quarterly revenue was down 3.0% compared to the same quarter last year.

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Several analysts have weighed in on the company. Zacks Investment Research downgraded Kelly Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub downgraded Kelly Services from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, ValuEngine upgraded Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, August 11th.

Kelly Services 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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