Kelly Services, Inc. (NASDAQ:KELYA – Get Free Report) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 737,600 shares, a decrease of 11.8% from the May 31st total of 836,400 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily volume of 231,500 shares, the days-to-cover ratio is currently 3.2 days.
Kelly Services Trading Up 0.4 %
KELYA stock traded up $0.08 during trading on Tuesday, reaching $21.33. 185,718 shares of the stock were exchanged, compared to its average volume of 240,810. The business has a 50 day moving average price of $22.26 and a 200-day moving average price of $22.47. Kelly Services has a 1 year low of $16.80 and a 1 year high of $25.27. The firm has a market capitalization of $757.64 million, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.77 and a beta of 1.22.
Kelly Services (NASDAQ:KELYA – Get Free Report) last issued its earnings results on Thursday, May 9th. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. Kelly Services had a net margin of 1.11% and a return on equity of 6.87%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. On average, research analysts anticipate that Kelly Services will post 2.13 EPS for the current year.
Kelly Services Dividend Announcement
Institutional Investors Weigh In On Kelly Services
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Kelly Services during the first quarter valued at about $125,000. Lazard Asset Management LLC acquired a new stake in shares of Kelly Services during the first quarter valued at about $177,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Kelly Services during the first quarter valued at about $221,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Kelly Services in the first quarter valued at approximately $225,000. Finally, Brandes Investment Partners LP acquired a new position in shares of Kelly Services in the fourth quarter valued at approximately $259,000. 76.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Barrington Research reiterated an “outperform” rating and set a $29.00 price target on shares of Kelly Services in a research report on Tuesday, May 28th.
Check Out Our Latest Stock Report on Kelly Services
Kelly Services Company 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.
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