Kelly Services (NASDAQ:KELYA) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Other research 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 $27.00 target price on the stock in a research note on Thursday, February 14th. ValuEngine upgraded shares of Kelly Services from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, TheStreet cut shares of Kelly Services from a “b” rating to a “c+” rating in a research note on Thursday, February 14th. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Kelly Services presently has an average rating of “Hold” and an average price target of $32.00.

KELYA opened at $21.87 on Friday. Kelly Services has a fifty-two week low of $19.21 and a fifty-two week high of $32.31. The firm has a market cap of $850.13 million, a P/E ratio of 9.63 and a beta of 0.83.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Wednesday, February 13th. The business services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Kelly Services had a net margin of 0.42% and a return on equity of 7.64%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company earned $0.80 EPS. Kelly Services’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts expect that Kelly Services will post 2.35 earnings per share for the current year.

In other news, insider Teresa Carroll sold 6,959 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $24.13, for a total value of $167,920.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Olivier Thirot sold 5,400 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $22.12, for a total transaction of $119,448.00. Following the completion of the sale, the insider now owns 73,802 shares in the company, valued at $1,632,500.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,487 shares of company stock worth $411,008. Corporate insiders own 12.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kelly Services by 56.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,230 shares of the business services provider’s stock worth $46,000 after buying an additional 805 shares during the last quarter. Founders Capital Management bought a new position in Kelly Services during the 4th quarter valued at about $51,000. PNC Financial Services Group Inc. grew its holdings in Kelly Services by 47.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,771 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 891 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Kelly Services by 593.3% during the 4th quarter. Meeder Asset Management Inc. now owns 3,945 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 3,376 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Kelly Services by 8.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 8,313 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 621 shares during the last quarter. Hedge funds and other institutional investors own 65.91% 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, 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.

See Also: What is a bull market?

Receive News & Ratings for Kelly Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelly Services and related companies with MarketBeat.com's FREE daily email newsletter.