Paradigm Capital Management Inc. NY decreased its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 23.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 61,200 shares of the business services provider’s stock after selling 18,625 shares during the period. Paradigm Capital Management Inc. NY’s holdings in Kelly Services were worth $1,669,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KELYA. Acadian Asset Management LLC lifted its holdings in shares of Kelly Services by 188.2% during the fourth quarter. Acadian Asset Management LLC now owns 437,389 shares of the business services provider’s stock worth $11,926,000 after purchasing an additional 285,605 shares during the period. Northern Trust Corp lifted its holdings in shares of Kelly Services by 52.7% during the second quarter. Northern Trust Corp now owns 567,333 shares of the business services provider’s stock worth $12,736,000 after purchasing an additional 195,919 shares during the period. Walthausen & Co. LLC acquired a new stake in shares of Kelly Services during the third quarter worth about $3,575,000. Northpointe Capital LLC lifted its holdings in shares of Kelly Services by 16.4% during the third quarter. Northpointe Capital LLC now owns 773,568 shares of the business services provider’s stock worth $19,409,000 after purchasing an additional 109,143 shares during the period. Finally, James Investment Research Inc. lifted its holdings in shares of Kelly Services by 158.5% during the fourth quarter. James Investment Research Inc. now owns 159,670 shares of the business services provider’s stock worth $4,354,000 after purchasing an additional 97,910 shares during the period. Institutional investors and hedge funds own 66.01% of the company’s stock.

Kelly Services, Inc. (NASDAQ KELYA) opened at $27.38 on Monday. Kelly Services, Inc. has a 12 month low of $20.27 and a 12 month high of $30.93. The company has a market capitalization of $1,052.08, a price-to-earnings ratio of 15.13 and a beta of 1.12.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, February 1st. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. Kelly Services had a return on equity of 7.92% and a net margin of 1.33%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company earned $0.55 EPS. Kelly Services’s revenue was up 9.0% on a year-over-year basis. research analysts predict that Kelly Services, Inc. will post 2.35 earnings per share for the current year.

Several research analysts have recently weighed in on KELYA shares. Zacks Investment Research raised Kelly Services from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, February 7th. ValuEngine upgraded Kelly Services from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub cut Kelly Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th.

In other Kelly Services news, Director Leslie A. Murphy sold 7,500 shares of the stock in a transaction dated Friday, November 17th. The stock was 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 of the company’s stock, valued at approximately $651,119.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jane E. Dutton sold 6,900 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $29.05, for a total value of $200,445.00. Following the completion of the sale, the director now directly owns 24,180 shares in the company, valued at approximately $702,429. The disclosure for this sale can be found here. 13.30% of the stock is currently owned by corporate insiders.

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Kelly Services 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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Institutional Ownership by Quarter for Kelly Services (NASDAQ:KELYA)

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