Neo Ivy Capital Management Takes $1.67 Million Position in ManpowerGroup Inc. (NYSE:MAN)

Neo Ivy Capital Management bought a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,887 shares of the business services provider's stock, valued at approximately $1,667,000. Neo Ivy Capital Management owned approximately 0.06% of ManpowerGroup as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. CSS LLC IL lifted its position in ManpowerGroup by 26.1% during the fourth quarter. CSS LLC IL now owns 17,022 shares of the business services provider's stock valued at $983,000 after purchasing an additional 3,522 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of ManpowerGroup in the 4th quarter worth approximately $475,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of ManpowerGroup by 2.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,198 shares of the business services provider's stock worth $8,496,000 after buying an additional 2,943 shares during the last quarter. Voloridge Investment Management LLC grew its position in ManpowerGroup by 84.3% during the 4th quarter. Voloridge Investment Management LLC now owns 548,389 shares of the business services provider's stock worth $31,653,000 after purchasing an additional 250,791 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in ManpowerGroup during the 4th quarter worth approximately $760,000. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Stock Up 0.1%

Shares of MAN traded up $0.02 during mid-day trading on Thursday, hitting $41.92. 129,572 shares of the company's stock were exchanged, compared to its average volume of 667,556. The stock's 50-day moving average is $46.94 and its 200-day moving average is $54.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. ManpowerGroup Inc. has a fifty-two week low of $38.10 and a fifty-two week high of $78.22. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 14.01 and a beta of 1.09.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The company had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter in the prior year, the company earned $0.94 earnings per share. On average, sell-side analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.72 per share. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 2nd. ManpowerGroup's dividend payout ratio is presently 62.61%.

Analysts Set New Price Targets

MAN has been the topic of several research analyst reports. Wall Street Zen downgraded shares of ManpowerGroup from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. BMO Capital Markets decreased their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. UBS Group cut their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Truist Financial dropped their target price on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Profile

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.