Kelly Services (NASDAQ:KELYA) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
Separately, BidaskClub upgraded shares of Kelly Services from a “buy” rating to a “strong-buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $34.50.
Shares of KELYA opened at $22.39 on Wednesday. The stock has a market capitalization of $818.52 million, a P/E ratio of 10.18 and a beta of 0.78. Kelly Services has a 52-week low of $19.21 and a 52-week high of $32.31.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Kelly Services by 3.1% in the second quarter. Rhumbline Advisers now owns 75,818 shares of the business services provider’s stock worth $1,702,000 after buying an additional 2,271 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Kelly Services by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 498,699 shares of the business services provider’s stock worth $11,196,000 after purchasing an additional 2,613 shares in the last quarter. IndexIQ Advisors LLC lifted its position in shares of Kelly Services by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 78,280 shares of the business services provider’s stock worth $1,881,000 after purchasing an additional 2,958 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Kelly Services by 4.5% in the second quarter. Legal & General Group Plc now owns 94,915 shares of the business services provider’s stock worth $2,128,000 after purchasing an additional 4,067 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Kelly Services by 384.8% in the second quarter. Sei Investments Co. now owns 5,759 shares of the business services provider’s stock worth $129,000 after purchasing an additional 4,571 shares in the last quarter. Institutional investors own 66.22% of the company’s stock.
About Kelly Services
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.
Further Reading: Quiet Period
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