Gotham Asset Management LLC Acquires 10,017 Shares of Kelly Services, Inc. (KELYA)
Gotham Asset Management LLC boosted its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 31.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,163 shares of the business services provider’s stock after acquiring an additional 10,017 shares during the period. Gotham Asset Management LLC owned about 0.12% of Kelly Services worth $947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Kelly Services during the second quarter valued at about $117,000. State of Alaska Department of Revenue lifted its position in shares of Kelly Services by 77.4% during the second quarter. State of Alaska Department of Revenue now owns 5,731 shares of the business services provider’s stock valued at $128,000 after buying an additional 2,501 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of Kelly Services by 7.0% during the first quarter. Mason Street Advisors LLC now owns 6,837 shares of the business services provider’s stock valued at $149,000 after buying an additional 449 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Kelly Services by 34.6% during the first quarter. Victory Capital Management Inc. now owns 7,213 shares of the business services provider’s stock valued at $158,000 after buying an additional 1,856 shares during the last quarter. Finally, Menta Capital LLC purchased a new stake in shares of Kelly Services during the first quarter valued at about $241,000. Institutional investors own 65.75% of the company’s stock.
Several equities analysts recently commented on the stock. ValuEngine raised shares of Kelly Services from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Kelly Services from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Friday, August 11th. Finally, BidaskClub lowered shares of Kelly Services from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st.
Kelly Services, Inc. (NASDAQ KELYA) opened at 25.86 on Wednesday. The firm’s 50-day moving average is $23.72 and its 200-day moving average is $22.65. The stock has a market capitalization of $990.65 million, a price-to-earnings ratio of 7.75 and a beta of 1.01. Kelly Services, Inc. has a 52-week low of $18.06 and a 52-week high of $26.31.
Kelly Services (NASDAQ:KELYA) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.24. Kelly Services had a return on equity of 6.88% and a net margin of 2.58%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. Analysts predict that Kelly Services, Inc. will post $1.73 earnings per share for the current year.
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Kelly Services Company Profile
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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