Kelly Services (NASDAQ:KELYA) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.
Separately, Zacks Investment Research cut shares of Kelly Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th.
Shares of Kelly Services (KELYA) opened at $29.33 on Friday. Kelly Services has a fifty-two week low of $20.27 and a fifty-two week high of $30.93. The company has a market cap of $1,115.48, a P/E ratio of 15.36 and a beta of 1.11.
In related news, Director Leslie A. Murphy sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $28.69, for a total value of $215,175.00. Following the sale, the director now owns 22,695 shares in the company, valued at $651,119.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jane E. Dutton sold 6,900 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $29.05, for a total transaction of $200,445.00. Following the completion of the sale, the director now owns 24,180 shares in the company, valued at approximately $702,429. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,400 shares of company stock worth $499,800. Corporate insiders own 16.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of KELYA. SG Americas Securities LLC purchased a new stake in Kelly Services in the second quarter worth approximately $117,000. Victory Capital Management Inc. boosted its stake in shares of Kelly Services by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,484 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,271 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Kelly Services during the 3rd quarter worth $218,000. Voya Investment Management LLC boosted its stake in shares of Kelly Services by 20.7% during the 2nd quarter. Voya Investment Management LLC now owns 13,274 shares of the business services provider’s stock worth $298,000 after acquiring an additional 2,278 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Kelly Services by 44.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 17,449 shares of the business services provider’s stock worth $438,000 after acquiring an additional 5,370 shares during the last quarter. Institutional investors own 65.91% of the company’s stock.
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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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