BidaskClub upgraded shares of Kelly Services (NASDAQ:KELYA) from a sell rating to a hold rating in a research report report published on Saturday.

Separately, Zacks Investment Research lowered Kelly Services from a strong-buy rating to a hold rating in a report on Wednesday, January 10th.

Kelly Services (KELYA) traded up $0.30 during trading hours on Friday, reaching $29.33. The company had a trading volume of 134,541 shares, compared to its average volume of 101,501. The firm has a market capitalization of $1,127.01, a price-to-earnings ratio of 15.36 and a beta of 1.11. Kelly Services has a 1 year low of $20.27 and a 1 year high of $30.93.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.27. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. Kelly Services had a return on equity of 7.25% and a net margin of 1.44%. Kelly Services’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. research analysts anticipate that Kelly Services will post 2.04 EPS for the current year.

In related news, Director Leslie A. Murphy sold 7,500 shares of Kelly Services stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $28.69, for a total value of $215,175.00. Following the transaction, the director now owns 22,695 shares of the company’s stock, valued at approximately $651,119.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jane E. Dutton sold 6,900 shares of Kelly Services stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $29.05, for a total value of $200,445.00. Following the completion of the transaction, the director now directly owns 24,180 shares in the company, valued at approximately $702,429. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,400 shares of company stock worth $499,800. 16.10% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Kelly Services in the 2nd quarter worth about $117,000. Victory Capital Management Inc. increased its stake in Kelly Services by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 8,484 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,271 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Kelly Services in the 3rd quarter worth about $218,000. Voya Investment Management LLC increased its stake in Kelly Services by 20.7% in the 2nd quarter. Voya Investment Management LLC now owns 13,274 shares of the business services provider’s stock worth $298,000 after purchasing an additional 2,278 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Kelly Services by 44.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 17,449 shares of the business services provider’s stock worth $438,000 after purchasing an additional 5,370 shares in the last quarter. 65.91% of the stock is currently owned by hedge funds and other institutional investors.

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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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