EMC Capital Management Grows Position in Kelly Services, Inc. (NASDAQ:KELYA)

EMC Capital Management lifted its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYAFree Report) by 299.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,504 shares of the business services provider’s stock after purchasing an additional 7,126 shares during the quarter. EMC Capital Management’s holdings in Kelly Services were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in Kelly Services by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 417,195 shares of the business services provider’s stock valued at $9,050,000 after acquiring an additional 2,941 shares during the period. American Century Companies Inc. boosted its holdings in Kelly Services by 26.0% during the 1st quarter. American Century Companies Inc. now owns 67,385 shares of the business services provider’s stock valued at $1,462,000 after acquiring an additional 13,906 shares during the period. US Bancorp DE boosted its holdings in Kelly Services by 16.9% during the 1st quarter. US Bancorp DE now owns 4,185 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 606 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Kelly Services by 66.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the business services provider’s stock valued at $132,000 after acquiring an additional 2,401 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of Kelly Services by 48.2% in the 1st quarter. MetLife Investment Management LLC now owns 18,311 shares of the business services provider’s stock valued at $397,000 after buying an additional 5,957 shares during the period. 73.09% of the stock is currently owned by hedge funds and other institutional investors.

Kelly Services Price Performance

Kelly Services stock opened at $21.56 on Tuesday. Kelly Services, Inc. has a 12 month low of $15.23 and a 12 month high of $22.43. The business has a 50 day simple moving average of $21.02 and a 200-day simple moving average of $19.52. The stock has a market capitalization of $760.64 million, a PE ratio of 33.17, a price-to-earnings-growth ratio of 0.86 and a beta of 1.14.

Wall Street Analysts Forecast Growth

KELYA has been the subject of a number of research analyst reports. TheStreet raised Kelly Services from a “c” rating to a “b-” rating in a report on Thursday, November 9th. Barrington Research reaffirmed an “outperform” rating and issued a $26.00 price target on shares of Kelly Services in a report on Wednesday, November 15th.

View Our Latest Analysis on KELYA

Insider Buying and Selling

In related news, EVP Olivier Thirot sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $21.06, for a total transaction of $631,800.00. Following the transaction, the executive vice president now owns 160,904 shares of the company’s stock, valued at $3,388,638.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Olivier Thirot sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $21.06, for a total transaction of $631,800.00. Following the transaction, the executive vice president now owns 160,904 shares of the company’s stock, valued at $3,388,638.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tammy L. Browning sold 18,834 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $21.51, for a total value of $405,119.34. Following the completion of the sale, the senior vice president now directly owns 31,971 shares in the company, valued at approximately $687,696.21. The disclosure for this sale can be found here. Insiders have sold 54,309 shares of company stock valued at $1,151,183 over the last quarter. Company insiders own 3.50% of the company’s stock.

About Kelly Services

(Free Report)

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 placement services in the areas of office, professional, light industrial, and contact center specialties.

See Also

Institutional Ownership by Quarter for Kelly Services (NASDAQ:KELYA)

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