ManpowerGroup Inc. $MAN is Azarias Capital Management L.P.'s 5th Largest Position

Key Points

• Azarias Capital Management L.P. raised its stake in ManpowerGroup by 40.9% to 289,883 shares, making it Azarias's 5th-largest position and about 3.8% of the firm's portfolio (worth roughly $8.62M), representing ~0.63% of ManpowerGroup.
• ManpowerGroup beat Q4 estimates with $0.92 EPS (vs. $0.83) and $4.71B revenue (+6.8% YoY), but reported a negative net margin and carries a negative P/E (-89.66), indicating mixed fundamentals.
• Analysts' consensus is a "Hold" with an average price target of $40.25, while the stock trades around $26.90 (52-week range $25.15–$52.38) and was down about 6.3% recently.

Azarias Capital Management L.P. raised its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 40.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,883 shares of the business services provider's stock after purchasing an additional 84,152 shares during the period. ManpowerGroup accounts for about 3.8% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 5th largest position. Azarias Capital Management L.P. owned approximately 0.63% of ManpowerGroup worth $8,618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAN. Quarry LP bought a new stake in shares of ManpowerGroup during the 3rd quarter worth about $25,000. GAMMA Investing LLC boosted its stake in shares of ManpowerGroup by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 799 shares of the business services provider's stock worth $30,000 after acquiring an additional 406 shares in the last quarter. True Wealth Design LLC boosted its stake in ManpowerGroup by 72.5% during the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider's stock valued at $30,000 after purchasing an additional 337 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in ManpowerGroup during the 3rd quarter valued at approximately $30,000. Finally, UMB Bank n.a. boosted its stake in ManpowerGroup by 122.2% during the 3rd quarter. UMB Bank n.a. now owns 991 shares of the business services provider's stock valued at $38,000 after purchasing an additional 545 shares during the period. 98.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Robert W. Baird set a $50.00 price objective on ManpowerGroup in a research report on Friday, January 30th. The Goldman Sachs Group raised ManpowerGroup from a "sell" rating to a "neutral" rating and set a $30.00 target price for the company in a report on Wednesday, March 18th. Weiss Ratings restated a "sell (d)" rating on shares of ManpowerGroup in a research report on Friday, March 27th. BMO Capital Markets raised ManpowerGroup from a "market perform" rating to an "outperform" rating and set a $44.00 price target for the company in a report on Thursday, December 18th. Finally, Wall Street Zen cut ManpowerGroup from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $40.25.

ManpowerGroup Stock Down 6.3%

NYSE MAN opened at $26.90 on Friday. The business has a fifty day moving average price of $29.06 and a two-hundred day moving average price of $30.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. ManpowerGroup Inc. has a fifty-two week low of $25.15 and a fifty-two week high of $52.38. The stock has a market capitalization of $1.25 billion, a PE ratio of -89.66 and a beta of 0.84.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The firm had revenue of $4.71 billion during the quarter, compared to analysts' expectations of $4.63 billion. During the same period in the prior year, the company earned $1.02 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

About ManpowerGroup

ManpowerGroup NYSE: MAN is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company's service offerings are organized into four principal brands.

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