Buckhead Capital Management LLC Has $542,000 Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

Buckhead Capital Management LLC lessened its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 38,900 shares of the business services provider’s stock after selling 1,000 shares during the quarter. Buckhead Capital Management LLC’s holdings in Kelly Services were worth $542,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp increased its position in 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. boosted its stake in shares of 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 purchasing an additional 380,035 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Kelly Services by 1.2% during 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. raised its stake 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 Kelly Services by 1,730.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 234,057 shares of the business services provider’s stock valued at $5,011,000 after buying an additional 221,271 shares during the period. Institutional investors and hedge funds own 76.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kelly Services Stock Up 7.2 %

Shares of Kelly Services stock opened at $14.25 on Friday. The business has a fifty day simple moving average of $13.81 and a 200 day simple moving average of $17.50. The stock has a market cap of $507.44 million, a PE ratio of 12.39, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. Kelly Services, Inc. has a 12 month low of $12.68 and a 12 month high of $25.27.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.38. Kelly Services had a return on equity of 6.93% and a net margin of 0.97%. Research analysts predict that Kelly Services, Inc. will post 1.93 EPS for the current year.

Insider Buying and Selling

In other Kelly Services news, SVP Daniel H. Malan bought 3,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of $13.88 per share, with a total value of $48,580.00. Following the completion of the purchase, the senior vice president now owns 95,906 shares in the company, valued at approximately $1,331,175.28. The trade was a 3.79 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.90% of the stock is owned by insiders.

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.