Engineers Gate Manager LP decreased its position in ManpowerGroup Inc. (NYSE:MAN) by 63.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,384 shares of the business services provider’s stock after selling 7,475 shares during the quarter. Engineers Gate Manager LP’s holdings in ManpowerGroup were worth $553,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Highstreet Asset Management Inc. acquired a new stake in ManpowerGroup in the fourth quarter valued at approximately $451,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in ManpowerGroup by 45.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,563 shares of the business services provider’s stock valued at $3,098,000 after acquiring an additional 7,705 shares in the last quarter. Chicago Equity Partners LLC grew its position in ManpowerGroup by 1.4% in the fourth quarter. Chicago Equity Partners LLC now owns 140,060 shares of the business services provider’s stock valued at $17,663,000 after acquiring an additional 1,955 shares in the last quarter. Mesirow Financial Investment Management Equity Management acquired a new stake in ManpowerGroup in the fourth quarter valued at approximately $1,475,000. Finally, Twin Capital Management Inc. grew its position in ManpowerGroup by 22.5% in the fourth quarter. Twin Capital Management Inc. now owns 55,734 shares of the business services provider’s stock valued at $7,028,000 after acquiring an additional 10,244 shares in the last quarter. 95.36% of the stock is owned by institutional investors.
In related news, Director Edward J. Zore sold 10,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $127.00, for a total transaction of $1,270,000.00. Following the transaction, the director now directly owns 29,876 shares in the company, valued at $3,794,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patricia Hemingway Hall sold 3,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $127.54, for a total value of $382,620.00. Following the transaction, the director now owns 4,021 shares in the company, valued at $512,838.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,127 shares of company stock valued at $2,499,593. Company insiders own 0.87% of the company’s stock.
Several analysts have issued reports on the stock. BMO Capital Markets lowered their price objective on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research report on Monday, February 5th. ValuEngine raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Argus increased their price objective on shares of ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Nomura increased their price objective on shares of ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $124.50.
ManpowerGroup Inc. (MAN) opened at $119.43 on Wednesday. The company has a market capitalization of $7,782.58, a P/E ratio of 16.61 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.28. ManpowerGroup Inc. has a one year low of $94.34 and a one year high of $136.93.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, February 2nd. The business services provider reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.54 billion. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.87 EPS. sell-side analysts anticipate that ManpowerGroup Inc. will post 8.96 earnings per share for the current year.
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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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