ARGA Investment Management LP boosted its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 616,838 shares of the business services provider's stock after purchasing an additional 29,790 shares during the quarter. ManpowerGroup comprises approximately 0.7% of ARGA Investment Management LP's investment portfolio, making the stock its 25th largest holding. ARGA Investment Management LP owned about 1.33% of ManpowerGroup worth $24,920,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ManpowerGroup in the 1st quarter worth about $30,000. GAMMA Investing LLC increased its holdings in ManpowerGroup by 190.6% during the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock worth $43,000 after purchasing an additional 488 shares in the last quarter. Caption Management LLC purchased a new stake in shares of ManpowerGroup in the first quarter worth approximately $123,000. Covestor Ltd lifted its holdings in shares of ManpowerGroup by 28.8% in the first quarter. Covestor Ltd now owns 3,073 shares of the business services provider's stock valued at $178,000 after purchasing an additional 688 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC bought a new position in shares of ManpowerGroup in the first quarter valued at approximately $218,000. Institutional investors and hedge funds own 98.03% of the company's stock.
ManpowerGroup Stock Performance
NYSE:MAN opened at $33.66 on Friday. The company has a market capitalization of $1.56 billion, a P/E ratio of -71.62 and a beta of 1.08. The business has a fifty day simple moving average of $38.96 and a two-hundred day simple moving average of $41.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.98. ManpowerGroup Inc. has a 1 year low of $32.86 and a 1 year high of $66.50.
ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings results on Thursday, October 16th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. ManpowerGroup had a positive return on equity of 7.02% and a negative net margin of 0.12%.The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. ManpowerGroup has set its Q4 2025 guidance at 0.780-0.88 EPS. On average, analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.
Analyst Upgrades and Downgrades
MAN has been the subject of several recent research reports. Truist Financial decreased their price target on ManpowerGroup from $48.00 to $44.00 and set a "hold" rating for the company in a report on Monday, October 13th. The Goldman Sachs Group lowered their target price on shares of ManpowerGroup from $37.00 to $33.00 and set a "sell" rating for the company in a report on Friday, October 17th. JPMorgan Chase & Co. cut their price target on shares of ManpowerGroup from $52.00 to $42.00 and set a "neutral" rating on the stock in a report on Monday. Barclays decreased their price objective on shares of ManpowerGroup from $50.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday, October 17th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of ManpowerGroup in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $41.33.
Read Our Latest Analysis on ManpowerGroup
About ManpowerGroup
(
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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