Moody Aldrich Partners LLC bought a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 8,553 shares of the business services provider’s stock, valued at approximately $588,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State of Michigan Retirement System lifted its stake in ManpowerGroup by 29.5% during the 2nd quarter. State of Michigan Retirement System now owns 21,149 shares of the business services provider’s stock worth $1,454,000 after acquiring an additional 4,819 shares in the last quarter. Sciencast Management LP acquired a new position in ManpowerGroup during the 2nd quarter worth about $1,245,000. Pacer Advisors Inc. lifted its stake in ManpowerGroup by 4.8% during the 2nd quarter. Pacer Advisors Inc. now owns 19,964 shares of the business services provider’s stock worth $1,373,000 after acquiring an additional 915 shares in the last quarter. Raymond James & Associates lifted its stake in ManpowerGroup by 3.0% during the 2nd quarter. Raymond James & Associates now owns 33,764 shares of the business services provider’s stock worth $2,321,000 after acquiring an additional 992 shares in the last quarter. Finally, BancorpSouth Bank acquired a new position in ManpowerGroup during the 2nd quarter worth about $206,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE MAN traded down $1.11 during midday trading on Friday, hitting $68.79. 560,957 shares of the company’s stock were exchanged, compared to its average volume of 554,945. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.50 and a quick ratio of 1.49. ManpowerGroup Inc. has a twelve month low of $49.57 and a twelve month high of $100.99. The company has a market cap of $3.99 billion, a PE ratio of 18.69, a P/E/G ratio of 17.22 and a beta of 2.03. The firm’s fifty day simple moving average is $69.57 and its 200-day simple moving average is $74.14.
ManpowerGroup (NYSE:MAN) last issued its earnings results on Monday, July 20th. The business services provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. ManpowerGroup had a return on equity of 11.35% and a net margin of 1.18%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the company earned $2.11 EPS. The business’s quarterly revenue was down 30.4% on a year-over-year basis. Equities analysts anticipate that ManpowerGroup Inc. will post 2.65 EPS for the current fiscal year.
MAN has been the topic of several research reports. CL King decreased their target price on ManpowerGroup from $107.00 to $80.00 in a research note on Tuesday, April 7th. Royal Bank of Canada increased their price target on ManpowerGroup from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. BMO Capital Markets increased their price target on ManpowerGroup from $67.00 to $70.00 and gave the company a “market perform” rating in a research report on Monday, April 20th. Credit Suisse Group raised ManpowerGroup from an “underperform” rating to a “neutral” rating and set a $70.00 price target on the stock in a research report on Thursday, May 21st. They noted that the move was a valuation call. Finally, Goldman Sachs Group lowered ManpowerGroup from a “neutral” rating to a “sell” rating and reduced their price target for the company from $57.00 to $54.00 in a research report on Tuesday, July 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $76.10.
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.
Featured Story: Diluted Earnings Per Share
Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.