Squarepoint Ops LLC Sells 93,813 Shares of ManpowerGroup Inc. $MAN

Key Points

• Squarepoint Ops LLC cut its ManpowerGroup stake by 33.6%, selling 93,813 shares and retaining 185,805 shares valued at approximately $6.3 million. Institutional investors collectively own 98.03% of the company.
• Analysts maintain a generally cautious outlook, with three Buy ratings and six Holds; the average rating is Hold and the average price target is $53.50.
• ManpowerGroup reported quarterly EPS of $0.99, exceeding the $0.96 consensus estimate, while revenue reached $4.86 billion. The stock opened at $56.41 and remains near its 52-week high of $63.88.

Squarepoint Ops LLC lowered its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 33.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,805 shares of the business services provider's stock after selling 93,813 shares during the quarter. Squarepoint Ops LLC owned 0.40% of ManpowerGroup worth $6,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MAN. Nykredit A S bought a new stake in ManpowerGroup in the 2nd quarter worth about $90,000. Corient Private Wealth LP lifted its stake in ManpowerGroup by 22.9% during the 2nd quarter. Corient Private Wealth LP now owns 312,609 shares of the business services provider's stock valued at $10,557,000 after acquiring an additional 58,248 shares during the period. Amundi bought a new position in ManpowerGroup during the 2nd quarter valued at about $217,000. California State Teachers Retirement System boosted its holdings in shares of ManpowerGroup by 3,196.1% during the 2nd quarter. California State Teachers Retirement System now owns 2,013,570 shares of the business services provider's stock valued at $67,998,000 after acquiring an additional 1,952,481 shares during the last quarter. Finally, Syon Capital LLC boosted its holdings in shares of ManpowerGroup by 113.9% during the 2nd quarter. Syon Capital LLC now owns 17,826 shares of the business services provider's stock valued at $602,000 after acquiring an additional 9,493 shares during the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MAN shares. Barclays boosted 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. Wall Street Zen downgraded shares of ManpowerGroup from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. Truist Financial boosted their target price on shares of ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, July 17th. UBS Group increased their price target on ManpowerGroup from $41.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Finally, Weiss Ratings raised ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $53.50.

ManpowerGroup Stock Down 1.1%

NYSE MAN opened at $56.41 on Friday. ManpowerGroup Inc. has a 52 week low of $25.15 and a 52 week high of $63.88. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.62 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 2.25 and a beta of 0.70. The stock's 50-day moving average price is $54.15 and its 200-day moving average price is $38.42.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.72 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.During the same period in the previous year, the company 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 earnings per share for the current year.

ManpowerGroup Company Profile

ManpowerGroup Inc is a global workforce solutions and staffing company that connects organizations with skilled talent and helps individuals build careers. The company provides temporary and permanent recruitment, workforce management, talent development, career transition and outplacement services.

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

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