Kelly Services, Inc. (NASDAQ:KELYA) has been assigned an average recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $32.50.

Several research firms have weighed in on KELYA. ValuEngine upgraded Kelly Services from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. BidaskClub upgraded Kelly Services from a “buy” rating to a “strong-buy” rating in a report on Friday, February 15th. TheStreet lowered Kelly Services from a “b” rating to a “c+” rating in a report on Thursday, February 14th. Finally, Zacks Investment Research upgraded Kelly Services from a “sell” rating to a “hold” rating in a report on Friday, February 22nd.

In other news, EVP Teresa Carroll sold 14,661 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $25.06, for a total value of $367,404.66. Following the sale, the executive vice president now directly owns 89,907 shares in the company, valued at $2,253,069.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Olivier Thirot sold 5,400 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $22.12, for a total value of $119,448.00. Following the completion of the sale, the insider now owns 73,802 shares in the company, valued at $1,632,500.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,726 shares of company stock worth $671,047. Corporate insiders own 7.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Kelly Services by 4.0% in the fourth quarter. BlackRock Inc. now owns 4,669,672 shares of the business services provider’s stock valued at $95,635,000 after purchasing an additional 179,359 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kelly Services by 4.1% in the third quarter. Vanguard Group Inc. now owns 3,093,327 shares of the business services provider’s stock valued at $74,333,000 after purchasing an additional 120,713 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Kelly Services by 1.2% in the fourth quarter. LSV Asset Management now owns 1,191,223 shares of the business services provider’s stock valued at $24,396,000 after purchasing an additional 13,600 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kelly Services by 9.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 784,014 shares of the business services provider’s stock worth $17,296,000 after acquiring an additional 68,528 shares in the last quarter. Finally, Norges Bank bought a new stake in Kelly Services during the fourth quarter worth about $14,671,000. Institutional investors own 66.37% of the company’s stock.

Shares of Kelly Services stock traded up $0.69 during trading on Monday, reaching $24.19. 213,900 shares of the company were exchanged, compared to its average volume of 115,854. Kelly Services has a twelve month low of $19.21 and a twelve month high of $26.57. The stock has a market cap of $913.49 million, a PE ratio of 10.66 and a beta of 0.71.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Monday, May 6th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. Kelly Services had a return on equity of 7.94% and a net margin of 0.29%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts predict that Kelly Services will post 2.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.30 annualized dividend and a yield of 1.24%. Kelly Services’s dividend payout ratio is presently 13.22%.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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