Kelly Services (NASDAQ:KELYA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Kelly Services, Inc. is a global leader of providing workforce solutions. Kelly Services, Inc. and its subsidiaries, offer a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire, and direct-hire basis. The company provides temporary office clerical, marketing, professional, technical, light industrial, home care services, management services and other business services to a diversified group of customers through offices located in major cities of the United States, Australia, Canada, Denmark, France, Ireland, Italy, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Russia, Spain, Switzerland and United Kingdom. Kelly Temporary Services provides office clerical, marketing, professional, technical, semi-skilled light industrial and management services. “

Other equities research analysts have also issued reports about the company. BidaskClub lowered Kelly Services from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. ValuEngine upgraded Kelly Services from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st.

NASDAQ KELYA opened at $22.40 on Tuesday. Kelly Services has a twelve month low of $21.82 and a twelve month high of $22.62. The stock has a market cap of $834.66 million, a P/E ratio of 10.25 and a beta of 1.03.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, May 10th. The business services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.10). The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Kelly Services had a return on equity of 7.57% and a net margin of 1.62%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. analysts predict that Kelly Services will post 2.24 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Federated Investors Inc. PA increased its stake in Kelly Services by 2,180.0% during the first quarter. Federated Investors Inc. PA now owns 3,534 shares of the business services provider’s stock worth $103,000 after acquiring an additional 3,379 shares during the last quarter. Virtu Financial LLC acquired a new stake in Kelly Services during the fourth quarter worth about $210,000. UBS Asset Management Americas Inc. acquired a new stake in Kelly Services during the fourth quarter worth about $240,000. Teacher Retirement System of Texas acquired a new stake in Kelly Services during the fourth quarter worth about $303,000. Finally, MetLife Investment Advisors LLC acquired a new stake in Kelly Services during the fourth quarter worth about $408,000. Institutional investors own 69.41% of the company’s stock.

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 (GTS), 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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