Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $22.25, but opened at $19.06. Kelly Services shares last traded at $18.76, with a volume of 23,564 shares traded.
Analyst Ratings Changes
Several brokerages recently weighed in on KELYA. Barrington Research restated an "outperform" rating and set a $29.00 target price on shares of Kelly Services in a research note on Friday, September 27th. StockNews.com downgraded shares of Kelly Services from a "buy" rating to a "hold" rating in a report on Friday, August 9th.
View Our Latest Stock Analysis on Kelly Services
Kelly Services Trading Down 16.4 %
The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.16. The firm has a market cap of $661.60 million, a PE ratio of 16.98, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. The company has a 50-day simple moving average of $20.61 and a 200 day simple moving average of $21.42.
Kelly Services (NASDAQ:KELYA - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.15. Kelly Services had a return on equity of 7.82% and a net margin of 1.09%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the previous year, the business earned $0.36 earnings per share. The business's revenue was down 13.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Kelly Services, Inc. will post 2.49 earnings per share for the current fiscal year.
Institutional Trading of Kelly Services
A number of hedge funds and other institutional investors have recently modified their holdings of KELYA. Boston Partners acquired a new stake in Kelly Services during the first quarter worth $18,618,000. Allspring Global Investments Holdings LLC raised its holdings in Kelly Services by 1,730.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 234,057 shares of the business services provider's stock valued at $5,011,000 after buying an additional 221,271 shares during the period. American Century Companies Inc. lifted its position in Kelly Services by 35.9% in the second quarter. American Century Companies Inc. now owns 682,857 shares of the business services provider's stock valued at $14,620,000 after buying an additional 180,238 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Kelly Services by 178.3% during the second quarter. Assenagon Asset Management S.A. now owns 155,604 shares of the business services provider's stock worth $3,331,000 after buying an additional 99,699 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Kelly Services during the third quarter valued at about $1,706,000. 76.34% of the stock is owned by institutional investors and hedge funds.
About Kelly Services
(
Get Free Report)
Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.
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