Kelly Services, Inc. (NASDAQ:KELYA) Stock Position Decreased by Buckhead Capital Management LLC

Buckhead Capital Management LLC lessened its stake in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,900 shares of the business services provider’s stock after selling 1,000 shares during the quarter. Buckhead Capital Management LLC owned about 0.11% of Kelly Services worth $542,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KELYA. State Street Corp increased its stake in shares of Kelly Services by 1.4% in the third quarter. State Street Corp now owns 1,253,704 shares of the business services provider’s stock worth $26,842,000 after purchasing an additional 17,579 shares during the period. Pacer Advisors Inc. grew its holdings in Kelly Services by 45.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,211,791 shares of the business services provider’s stock valued at $25,944,000 after buying an additional 380,035 shares during the last quarter. Geode Capital Management LLC increased its position in Kelly Services by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 781,661 shares of the business services provider’s stock worth $16,739,000 after buying an additional 9,635 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Kelly Services by 20.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 329,932 shares of the business services provider’s stock worth $7,064,000 after buying an additional 56,457 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Kelly Services by 1,730.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 234,057 shares of the business services provider’s stock worth $5,011,000 after buying an additional 221,271 shares during the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.

Insider Buying and Selling

In other Kelly Services news, SVP Daniel H. Malan acquired 3,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $13.88 per share, for a total transaction of $48,580.00. Following the transaction, the senior vice president now owns 95,906 shares in the company, valued at $1,331,175.28. This trade represents a 3.79 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Kelly Services in a research report on Wednesday.

Kelly Services Trading Up 7.2 %

KELYA stock opened at $14.25 on Friday. Kelly Services, Inc. has a 1-year low of $12.68 and a 1-year high of $25.27. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $13.81 and its 200-day moving average is $17.50. The firm has a market cap of $507.44 million, a P/E ratio of 12.39, a P/E/G ratio of 0.40 and a beta of 1.11.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.38. Kelly Services had a return on equity of 6.93% and a net margin of 0.97%. Equities analysts anticipate that Kelly Services, Inc. will post 1.93 earnings per share for the current fiscal year.

Kelly Services Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.