CCM Investment Group LLC bought a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,965 shares of the business services provider's stock, valued at approximately $702,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp grew its position in ManpowerGroup by 24.0% in the fourth quarter. Northern Trust Corp now owns 437,495 shares of the business services provider's stock worth $25,252,000 after acquiring an additional 84,741 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in ManpowerGroup in the first quarter worth approximately $253,000. GAMMA Investing LLC grew its position in ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock worth $43,000 after acquiring an additional 488 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in ManpowerGroup in the first quarter worth approximately $887,000. Finally, Allspring Global Investments Holdings LLC grew its position in ManpowerGroup by 79.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 53,703 shares of the business services provider's stock worth $3,150,000 after acquiring an additional 23,795 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.
ManpowerGroup Stock Up 5.0%
MAN stock traded up $1.97 during mid-day trading on Wednesday, hitting $41.72. 787,468 shares of the company were exchanged, compared to its average volume of 1,060,079. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98. ManpowerGroup Inc. has a 1-year low of $37.97 and a 1-year high of $75.57. The firm has a market cap of $1.93 billion, a P/E ratio of -109.79 and a beta of 1.08. The firm's 50 day simple moving average is $41.87 and its 200 day simple moving average is $48.03.
ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.98%. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The firm's revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.
Analyst Ratings Changes
MAN has been the subject of several research analyst reports. UBS Group upped their target price on shares of ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Truist Financial lowered their target price on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Wall Street Zen raised shares of ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. BMO Capital Markets reduced their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.20.
Read Our Latest Stock Analysis on ManpowerGroup
ManpowerGroup Profile
(
Free Report)
ManpowerGroup Inc provides workforce solutions and services worldwide. 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. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.
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