Versor Investments LP Trims Holdings in ManpowerGroup Inc. $MAN

Key Points

• Versor Investments LP has reduced its stake in ManpowerGroup Inc. by 45.4%, selling 7,638 shares and now holding 9,200 shares valued at approximately $532,000.
• Other institutional investors, such as Algert Global LLC and American Century Companies Inc., have increased their holdings in ManpowerGroup significantly during the same period.
• Despite a 0.5% decline in year-over-year revenue, ManpowerGroup reported an EPS of $0.78 for the last quarter, beating analysts' expectations of $0.69.

Versor Investments LP trimmed its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 45.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,200 shares of the business services provider's stock after selling 7,638 shares during the quarter. Versor Investments LP's holdings in ManpowerGroup were worth $532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. SummerHaven Investment Management LLC increased its holdings in ManpowerGroup by 2.1% during the 1st quarter. SummerHaven Investment Management LLC now owns 11,657 shares of the business services provider's stock worth $675,000 after purchasing an additional 238 shares during the period. Fifth Third Bancorp increased its holdings in ManpowerGroup by 48.6% during the 1st quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after purchasing an additional 243 shares during the period. Principal Financial Group Inc. increased its holdings in ManpowerGroup by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 107,969 shares of the business services provider's stock worth $6,249,000 after purchasing an additional 278 shares during the period. Vident Advisory LLC increased its holdings in ManpowerGroup by 2.8% during the 4th quarter. Vident Advisory LLC now owns 10,708 shares of the business services provider's stock worth $618,000 after purchasing an additional 290 shares during the period. Finally, KBC Group NV increased its holdings in ManpowerGroup by 0.6% during the 1st quarter. KBC Group NV now owns 54,456 shares of the business services provider's stock worth $3,152,000 after purchasing an additional 347 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. UBS Group increased their target price on ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $48.20.

ManpowerGroup Stock Up 6.4%

NYSE:MAN traded up $2.6710 during midday trading on Friday, hitting $44.3610. 599,611 shares of the company were exchanged, compared to its average volume of 843,531. The company has a fifty day simple moving average of $41.96 and a 200 day simple moving average of $47.16. ManpowerGroup Inc. has a fifty-two week low of $37.97 and a fifty-two week high of $75.57. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.05 billion, a PE ratio of -116.74 and a beta of 1.08.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The business services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.98%. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. ManpowerGroup's revenue for the quarter was down .5% on a year-over-year basis. ManpowerGroup has set its Q3 2025 guidance at 0.770-0.870 EPS. As a group, equities analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

About ManpowerGroup

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.