Kelly Services (NASDAQ:KELYA – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Separately, Barrington Research lowered their price objective on shares of Kelly Services from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 21st.
Kelly Services Price Performance
KELYA stock opened at $18.29 on Friday. Kelly Services has a 12 month low of $13.41 and a 12 month high of $22.56. The firm has a market cap of $679.91 million, a PE ratio of -182.90, a P/E/G ratio of 0.90 and a beta of 1.12. The firm has a 50 day simple moving average of $16.30 and a 200 day simple moving average of $16.74.
Institutional Investors Weigh In On Kelly Services
Institutional investors have recently modified their holdings of the stock. US Bancorp DE lifted its stake in shares of Kelly Services by 16.9% in the 1st quarter. US Bancorp DE now owns 4,185 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 606 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Kelly Services by 3.0% in the 2nd quarter. Sei Investments Co. now owns 20,670 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 609 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Kelly Services by 4.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,102 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 612 shares during the last quarter. Boston Partners lifted its stake in shares of Kelly Services by 2.0% in the 3rd quarter. Boston Partners now owns 35,131 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 704 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in Kelly Services by 21.5% during the 2nd quarter. Captrust Financial Advisors now owns 4,141 shares of the business services provider’s stock worth $82,000 after acquiring an additional 734 shares during the last quarter. Institutional investors and hedge funds own 74.86% of the company’s stock.
Kelly Services Company Profile
Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in several staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.
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