Kelly Services, Inc. (NASDAQ:KELYA) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $24.84 and traded as high as $26.31. Kelly Services shares last traded at $26.09, with a volume of 1,298 shares traded.

A number of research firms have weighed in on KELYA. BidaskClub downgraded Kelly Services from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Zacks Investment Research lowered Kelly Services from a “hold” rating to a “sell” rating in a research note on Saturday, March 16th. ValuEngine upgraded Kelly Services from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, TheStreet upgraded Kelly Services from a “c+” rating to a “b” rating in a research report on Monday, May 6th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $32.50.

The firm has a market capitalization of $1.02 billion, a P/E ratio of 11.59 and a beta of 0.78. The firm has a 50 day moving average price of $24.96.

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

In other news, EVP Teresa Carroll sold 14,661 shares of Kelly Services stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $25.06, for a total transaction of $367,404.66. Following the completion of the transaction, the executive vice president now directly owns 89,907 shares in the company, valued at $2,253,069.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in KELYA. Oregon Public Employees Retirement Fund bought a new stake in shares of Kelly Services during the fourth quarter worth $243,000. Prudential Financial Inc. grew its holdings in shares of Kelly Services by 72.9% during the fourth quarter. Prudential Financial Inc. now owns 90,662 shares of the business services provider’s stock worth $1,857,000 after purchasing an additional 38,234 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Kelly Services by 47.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,771 shares of the business services provider’s stock worth $56,000 after purchasing an additional 891 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Kelly Services by 2.4% during the fourth quarter. California Public Employees Retirement System now owns 108,601 shares of the business services provider’s stock worth $2,224,000 after purchasing an additional 2,585 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Kelly Services by 4.0% during the fourth quarter. BlackRock Inc. now owns 4,669,672 shares of the business services provider’s stock worth $95,635,000 after purchasing an additional 179,359 shares during the last quarter. Hedge funds and other institutional investors own 66.28% of the company’s stock.

Kelly Services Company Profile (NASDAQ:KELYA)

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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