BidaskClub upgraded shares of Kelly Services (NASDAQ:KELYA) from a buy rating to a strong-buy rating in a research note released on Monday.
Separately, ValuEngine upgraded shares of Kelly Services from a sell rating to a hold rating in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kelly Services currently has an average rating of Buy and a consensus target price of $34.50.
Shares of NASDAQ:KELYA traded up $0.08 during midday trading on Monday, reaching $22.47. 1,323 shares of the company were exchanged, compared to its average volume of 119,363. The firm has a market cap of $870.60 million, a price-to-earnings ratio of 10.12 and a beta of 0.78. Kelly Services has a fifty-two week low of $19.21 and a fifty-two week high of $32.31.
Large investors have recently bought and sold shares of the business. First Trust Advisors LP purchased a new stake in Kelly Services during the 2nd quarter valued at approximately $1,546,000. Sei Investments Co. boosted its stake in Kelly Services by 384.8% in the second quarter. Sei Investments Co. now owns 5,759 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 4,571 shares during the period. Rhumbline Advisers raised its holdings in shares of Kelly Services by 3.1% during the second quarter. Rhumbline Advisers now owns 75,818 shares of the business services provider’s stock valued at $1,702,000 after buying an additional 2,271 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Kelly Services by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 498,699 shares of the business services provider’s stock valued at $11,196,000 after buying an additional 2,613 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Kelly Services by 210.1% during the 2nd quarter. SG Americas Securities LLC now owns 10,945 shares of the business services provider’s stock worth $246,000 after purchasing an additional 7,416 shares in the last quarter. Institutional investors own 66.22% 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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