Shares of Kelly Services, Inc. (NASDAQ:KELYA) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also assigned Kelly Services an industry rank of 30 out of 265 based on the ratings given to its competitors.
A number of research firms have recently issued reports on KELYA. Zacks Investment Research upgraded shares of Kelly Services from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Tuesday, November 14th. BidaskClub upgraded shares of Kelly Services from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, ValuEngine upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KELYA. Acadian Asset Management LLC grew its holdings 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 during the period. Northern Trust Corp grew its holdings in shares of Kelly Services by 52.7% in the 2nd quarter. Northern Trust Corp now owns 567,333 shares of the business services provider’s stock valued at $12,736,000 after buying an additional 195,919 shares during the period. BlackRock Inc. grew its holdings 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 during the period. AXA grew its holdings in shares of Kelly Services by 555.4% in the 4th quarter. AXA now owns 195,300 shares of the business services provider’s stock valued at $5,326,000 after buying an additional 165,500 shares during the period. Finally, Walthausen & Co. LLC acquired a new position in shares of Kelly Services in the 3rd quarter valued at $3,575,000. 65.83% of the stock is owned by hedge funds and other institutional investors.
Kelly Services (NASDAQ KELYA) traded down $0.64 during mid-day trading on Wednesday, reaching $29.49. The company had a trading volume of 123,491 shares, compared to its average volume of 160,872. Kelly Services has a fifty-two week low of $20.27 and a fifty-two week high of $30.93. The firm has a market capitalization of $1,140.16, a P/E ratio of 16.29 and a beta of 1.12.
Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. Kelly Services had a return on equity of 7.92% and a net margin of 1.33%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. equities analysts predict that Kelly Services will post 2.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, February 23rd. Kelly Services’s dividend payout ratio (DPR) is presently 16.57%.
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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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