ManpowerGroup Inc. $MAN Stake Trimmed by ARGA Investment Management LP

Key Points

• ARGA Investment Management cut its ManpowerGroup stake by 46.5% in the third quarter, selling 29,783 shares and retaining 34,335 shares valued at about $1.9 million.
• Analysts have a consensus “Hold” rating and an average price target of $51.39; three rate the stock Buy, seven Hold, and one Sell.
• ManpowerGroup reported quarterly EPS of $1.01, in line with estimates, while revenue of $4.84 billion fell short of expectations; revenue rose 4.4% year over year.

ARGA Investment Management LP cut its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 46.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,335 shares of the business services provider's stock after selling 29,783 shares during the quarter. ARGA Investment Management LP owned 0.07% of ManpowerGroup worth $1,908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAN. BlackRock Inc. acquired a new position in ManpowerGroup during the 2nd quarter worth approximately $265,921,000. Quantinno Capital Management LP grew its stake in shares of ManpowerGroup by 235.8% during the first quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider's stock worth $52,850,000 after buying an additional 1,259,752 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of ManpowerGroup during the second quarter worth $33,702,000. Wellington Management Group LLP bought a new stake in shares of ManpowerGroup during the second quarter worth $25,709,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ManpowerGroup during the second quarter worth $16,009,000. Institutional investors own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MAN shares. Wall Street Zen upgraded ManpowerGroup from a "hold" rating to a "buy" rating in a research report on Tuesday. Truist Financial upped their price objective on ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, July 17th. Barclays raised their price objective on shares of ManpowerGroup from $30.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, July 20th. BNP Paribas Exane downgraded ManpowerGroup from an "outperform" rating to a "neutral" rating and set a $52.50 target price on the stock. in a report on Tuesday. Finally, Zacks Research lowered shares of ManpowerGroup from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 20th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $51.39.

ManpowerGroup Stock Down 4.4%

Shares of NYSE MAN opened at $45.48 on Wednesday. The business has a 50-day simple moving average of $53.81 and a two-hundred day simple moving average of $40.02. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.12 billion, a P/E ratio of 17.98, a P/E/G ratio of 1.89 and a beta of 0.78. ManpowerGroup Inc. has a 52 week low of $25.15 and a 52 week high of $63.88.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, October 15th. The business services provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. ManpowerGroup had a net margin of 0.64% and a return on equity of 7.78%. The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter last year, the company posted $0.83 EPS. The business's quarterly revenue was up 4.4% on a year-over-year basis. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. Research analysts anticipate that ManpowerGroup Inc. will post 3.60 earnings per share for the current fiscal year.

ManpowerGroup Company Profile

ManpowerGroup Inc is a global workforce solutions and employment services company headquartered in Milwaukee, Wisconsin. Through its brands, the company provides temporary and permanent staffing, recruitment, workforce management, talent development, and career transition services to businesses and job seekers.

Its principal brands include Manpower, which specializes in staffing and workforce services; Experis, which focuses on information technology and professional talent; and Talent Solutions, which provides recruitment process outsourcing, talent consulting, leadership development, and outplacement services.

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