Kelly Services (NASDAQ:KELYA) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Kelly Services from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Wednesday, February 7th. ValuEngine upgraded shares of Kelly Services from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st.

Shares of Kelly Services stock opened at $29.98 on Thursday. Kelly Services has a twelve month low of $21.01 and a twelve month high of $32.31. The stock has a market capitalization of $1,152.07, a price-to-earnings ratio of 13.63 and a beta of 1.01.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.18. Kelly Services had a net margin of 1.33% and a return on equity of 7.92%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s revenue was up 9.0% on a year-over-year basis. equities analysts expect that Kelly Services will post 2.35 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Kelly Services by 4.4% in the 4th quarter. BlackRock Inc. now owns 3,980,829 shares of the business services provider’s stock valued at $108,558,000 after buying an additional 166,756 shares in the last quarter. LSV Asset Management raised its position in shares of Kelly Services by 0.4% in the 4th quarter. LSV Asset Management now owns 1,012,761 shares of the business services provider’s stock valued at $27,617,000 after buying an additional 3,900 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Kelly Services by 188.2% in the 4th quarter. Acadian Asset Management LLC now owns 437,389 shares of the business services provider’s stock valued at $11,926,000 after buying an additional 285,605 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Kelly Services by 58.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 329,697 shares of the business services provider’s stock valued at $8,991,000 after buying an additional 121,933 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Kelly Services by 37.5% in the 4th quarter. Wells Fargo & Company MN now owns 232,329 shares of the business services provider’s stock valued at $6,335,000 after buying an additional 63,314 shares in the last quarter. Institutional investors and hedge funds own 68.99% 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.

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