Renaissance Technologies LLC Invests $1.18 Million in ManpowerGroup Inc. $MAN

Key Points

• Renaissance Technologies acquired 40,052 ManpowerGroup shares worth approximately $1.18 million, representing about 0.09% of the company. Institutional investors collectively own 98.03% of ManpowerGroup.
• ManpowerGroup exceeded quarterly expectations, reporting $0.99 in EPS versus a $0.96 consensus estimate and revenue of $4.86 billion versus $4.72 billion expected. The company guided for third-quarter EPS of $0.96–$1.06.
• Analysts remain cautious despite several price-target increases: the stock has a consensus “Hold” rating and an average target of $53.50, compared with a recent opening price of $58.68.

Renaissance Technologies LLC acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 40,052 shares of the business services provider's stock, valued at approximately $1,180,000. Renaissance Technologies LLC owned about 0.09% of ManpowerGroup at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina raised its holdings in ManpowerGroup by 1.4% in the second quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider's stock worth $869,000 after purchasing an additional 296 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of ManpowerGroup by 3.6% in the 2nd quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider's stock valued at $408,000 after buying an additional 348 shares in the last quarter. Quarry LP boosted its holdings in shares of ManpowerGroup by 55.3% in the 4th quarter. Quarry LP now owns 1,034 shares of the business services provider's stock valued at $31,000 after buying an additional 368 shares in the last quarter. Empowered Funds LLC grew its position in shares of ManpowerGroup by 3.2% in the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider's stock worth $778,000 after buying an additional 414 shares during the last quarter. Finally, State of Wyoming grew its position in shares of ManpowerGroup by 7.6% in the 2nd quarter. State of Wyoming now owns 6,197 shares of the business services provider's stock worth $250,000 after buying an additional 440 shares during the last quarter. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Price Performance

Shares of MAN opened at $58.68 on Friday. The firm has a market capitalization of $2.73 billion, a PE ratio of 26.67 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.12. ManpowerGroup Inc. has a 1-year low of $25.15 and a 1-year high of $59.10. The company's fifty day moving average price is $43.26 and its 200-day moving average price is $34.32.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same quarter last year, the business posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, equities research analysts predict that ManpowerGroup Inc. will post 3.62 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on MAN. Barclays increased their target price on shares of ManpowerGroup from $30.00 to $47.00 and gave the company an "equal weight" rating in a research report on Monday, July 20th. Truist Financial lifted their price target on shares of ManpowerGroup from $34.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, July 17th. Wall Street Zen downgraded ManpowerGroup from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. The Goldman Sachs Group increased their price objective on ManpowerGroup from $36.00 to $57.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Finally, BMO Capital Markets raised their price objective on ManpowerGroup from $49.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $53.50.

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.

Want to see what other hedge funds are holding MAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ManpowerGroup Inc. (NYSE:MAN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source