Public Sector Pension investment Board Sells 5,300 Shares of Kelly Services, Inc. (KELYA)

Public Sector Pension investment Board lessened its position in Kelly Services, Inc. (NASDAQ:KELYA) by 26.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,046 shares of the business services provider’s stock after selling 5,300 shares during the quarter. Public Sector Pension investment Board’s holdings in Kelly Services were worth $338,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in KELYA. Great West Life Assurance Co. Can raised its position in Kelly Services by 5.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 43,825 shares of the business services provider’s stock valued at $956,000 after buying an additional 2,350 shares during the last quarter. Bank of New York Mellon Corp raised its position in Kelly Services by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 597,624 shares of the business services provider’s stock valued at $13,064,000 after buying an additional 10,693 shares during the last quarter. Comerica Bank raised its position in Kelly Services by 3.7% in the 1st quarter. Comerica Bank now owns 32,726 shares of the business services provider’s stock valued at $744,000 after buying an additional 1,155 shares during the last quarter. Ameriprise Financial Inc. raised its position in Kelly Services by 3.5% in the 1st quarter. Ameriprise Financial Inc. now owns 256,216 shares of the business services provider’s stock valued at $5,602,000 after buying an additional 8,571 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Kelly Services by 5.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 120,694 shares of the business services provider’s stock valued at $2,638,000 after buying an additional 5,749 shares during the last quarter. 65.75% of the stock is currently owned by institutional investors and hedge funds.

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KELYA has been the topic of a number of recent research reports. Zacks Investment Research raised Kelly Services from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, August 11th. ValuEngine raised Kelly Services from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, BidaskClub raised Kelly Services from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 6th.

Kelly Services, Inc. (NASDAQ KELYA) opened at 26.17 on Friday. Kelly Services, Inc. has a 52-week low of $18.06 and a 52-week high of $26.31. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 7.84 and a beta of 1.01. The firm’s 50 day moving average price is $23.52 and its 200 day moving average price is $22.60.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.23 by $0.24. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Kelly Services had a return on equity of 6.88% and a net margin of 2.58%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. Equities research analysts anticipate that Kelly Services, Inc. will post $1.73 EPS for the current fiscal year.

About Kelly Services

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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