Profund Advisors LLC raised its stake in shares of ManpowerGroup (NYSE:MAN) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,635 shares of the business services provider’s stock after buying an additional 447 shares during the period. Profund Advisors LLC’s holdings in ManpowerGroup were worth $963,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its position in shares of ManpowerGroup by 33.2% in the fourth quarter. Acadian Asset Management LLC now owns 2,296,960 shares of the business services provider’s stock worth $289,674,000 after acquiring an additional 573,030 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of ManpowerGroup by 96.3% in the third quarter. Janus Henderson Group PLC now owns 378,265 shares of the business services provider’s stock worth $44,568,000 after acquiring an additional 185,591 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of ManpowerGroup by 46.7% in the fourth quarter. Wells Fargo & Company MN now owns 518,860 shares of the business services provider’s stock worth $65,433,000 after acquiring an additional 165,146 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of ManpowerGroup by 15.7% during the fourth quarter. APG Asset Management N.V. now owns 1,107,339 shares of the business services provider’s stock worth $116,295,000 after purchasing an additional 149,900 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of ManpowerGroup by 132.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,847 shares of the business services provider’s stock worth $32,895,000 after purchasing an additional 148,418 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MAN stock opened at $110.78 on Friday. The firm has a market cap of $7,564.90, a P/E ratio of 15.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.28 and a current ratio of 1.28. ManpowerGroup has a 1 year low of $97.15 and a 1 year high of $136.93.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.54 billion. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 EPS. analysts predict that ManpowerGroup will post 8.96 EPS for the current year.
In related news, COO Darryl Green sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now owns 21,233 shares in the company, valued at approximately $2,489,781.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mara E. Swan sold 7,127 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $118.84, for a total transaction of $846,972.68. Following the transaction, the executive vice president now owns 27,986 shares in the company, valued at approximately $3,325,856.24. The disclosure for this sale can be found here. Insiders sold a total of 57,547 shares of company stock worth $6,842,051 in the last three months. Insiders own 1.02% of the company’s stock.
MAN has been the subject of several research reports. Deutsche Bank restated a “hold” rating and set a $110.00 price target on shares of ManpowerGroup in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Thursday, January 11th. ValuEngine upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets reduced their target price on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Finally, Argus boosted their price objective on shares of ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $124.20.
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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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