OxFORD Asset Management LLP bought a new stake in shares of ManpowerGroup (NYSE:MAN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,748 shares of the business services provider’s stock, valued at approximately $642,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Acrospire Investment Management LLC lifted its holdings in shares of ManpowerGroup by 27.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 200 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of ManpowerGroup by 14.1% during the 2nd quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 116 shares during the last quarter. First Quadrant L P CA purchased a new position in ManpowerGroup in the 2nd quarter worth $123,000. Harfst & Associates Inc. purchased a new position in ManpowerGroup in the 2nd quarter worth $149,000. Finally, Exane Derivatives raised its stake in ManpowerGroup by 166.7% in the 2nd quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after acquiring an additional 862 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.
ManpowerGroup (MAN) opened at 124.75 on Friday. ManpowerGroup has a 1-year low of $75.29 and a 1-year high of $125.39. The firm has a 50-day moving average of $118.63 and a 200-day moving average of $109.77. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 19.08 and a beta of 1.40.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.08. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same period last year, the firm posted $1.87 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that ManpowerGroup will post $6.88 EPS for the current year.
In other news, Director Gina Boswell sold 7,725 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $123.96, for a total value of $957,591.00. Following the completion of the sale, the director now directly owns 6,601 shares in the company, valued at $818,259.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mara E. Swan sold 16,575 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $107.18, for a total transaction of $1,776,508.50. Following the completion of the sale, the executive vice president now owns 32,136 shares of the company’s stock, valued at $3,444,336.48. The disclosure for this sale can be found here. Insiders sold 35,524 shares of company stock valued at $4,051,233 over the last three months. Insiders own 0.87% of the company’s stock.
MAN has been the subject of a number of research analyst reports. BidaskClub lowered ManpowerGroup from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. BMO Capital Markets reiterated a “buy” rating and set a $124.00 price objective on shares of ManpowerGroup in a research note on Friday, September 1st. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, July 4th. Nomura lifted their price objective on ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Monday. Finally, Argus raised their target price on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $126.43.
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ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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