Dimensional Fund Advisors LP lowered its position in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,935,526 shares of the business services provider’s stock after selling 8,646 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.67% of Kelly Services worth $65,902,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KELYA. Russell Investments Group Ltd. grew its position in shares of Kelly Services by 22.1% in the second quarter. Russell Investments Group Ltd. now owns 167,958 shares of the business services provider’s stock valued at $3,770,000 after purchasing an additional 30,412 shares in the last quarter. Brandes Investment Partners LP purchased a new stake in shares of Kelly Services in the second quarter valued at approximately $1,110,000. Prudential Financial Inc. grew its position in shares of Kelly Services by 0.4% in the first quarter. Prudential Financial Inc. now owns 50,288 shares of the business services provider’s stock valued at $1,099,000 after purchasing an additional 180 shares in the last quarter. Gotham Asset Management LLC grew its position in shares of Kelly Services by 17.6% in the first quarter. Gotham Asset Management LLC now owns 32,146 shares of the business services provider’s stock valued at $703,000 after purchasing an additional 4,807 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Kelly Services by 5.0% in the first quarter. AQR Capital Management LLC now owns 184,078 shares of the business services provider’s stock valued at $4,024,000 after purchasing an additional 8,846 shares in the last quarter. 65.75% of the stock is owned by institutional investors and hedge funds.

KELYA has been the subject of a number of analyst reports. ValuEngine lowered Kelly Services from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub lowered Kelly Services from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered Kelly Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th.

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Shares of 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 stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 7.84 and a beta of 1.01. The stock has a 50 day moving average price of $23.52 and a 200-day moving average price of $22.60.

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