Profund Advisors LLC raised its stake in ManpowerGroup Inc. (NYSE:MAN) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,635 shares of the business services provider’s stock after buying an additional 447 shares during the quarter. Profund Advisors LLC’s holdings in ManpowerGroup were worth $963,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. MANA Advisors LLC acquired a new position in ManpowerGroup in the 4th quarter valued at approximately $326,000. Pitcairn Co. acquired a new position in ManpowerGroup in the 4th quarter valued at approximately $290,000. Koch Industries Inc. acquired a new position in ManpowerGroup in the 4th quarter valued at approximately $561,000. ETRADE Capital Management LLC increased its stake in ManpowerGroup by 18.7% in the 4th quarter. ETRADE Capital Management LLC now owns 4,162 shares of the business services provider’s stock valued at $525,000 after buying an additional 656 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in ManpowerGroup in the 4th quarter valued at approximately $5,834,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Shares of ManpowerGroup Inc. (NYSE MAN) opened at $120.61 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $8,021.42, a P/E ratio of 17.15 and a beta of 1.34. ManpowerGroup Inc. has a 1 year low of $97.15 and a 1 year high of $136.93.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.54 billion. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. ManpowerGroup’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 EPS. sell-side analysts predict that ManpowerGroup Inc. will post 8.96 EPS for the current fiscal year.
Several research analysts have weighed in on MAN shares. ValuEngine upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Thursday, January 11th. Argus boosted their target price on shares of ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, March 8th. BMO Capital Markets decreased their target price on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Finally, Deutsche Bank reissued a “hold” rating and issued a $110.00 target price on shares of ManpowerGroup in a research report on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $124.88.
In related news, COO Darryl Green sold 10,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $117.26, for a total transaction of $1,172,600.00. Following the completion of the sale, the chief operating officer now directly owns 21,233 shares of the company’s stock, valued at approximately $2,489,781.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sriram Chandrashekar sold 39,420 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $119.33, for a total transaction of $4,703,988.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,547 shares of company stock valued at $6,842,051. 0.87% of the stock is owned by insiders.
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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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