Marshall Wace LLP Purchases New Shares in ManpowerGroup Inc. (NYSE:MAN)

Marshall Wace LLP purchased a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 45,600 shares of the business services provider's stock, valued at approximately $2,632,000. Marshall Wace LLP owned 0.10% of ManpowerGroup as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp purchased a new stake in shares of ManpowerGroup during the fourth quarter worth $35,000. SRS Capital Advisors Inc. lifted its holdings in ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after purchasing an additional 562 shares in the last quarter. Blue Trust Inc. boosted its stake in ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after purchasing an additional 778 shares during the period. R Squared Ltd purchased a new position in ManpowerGroup during the 4th quarter valued at about $95,000. Finally, PNC Financial Services Group Inc. increased its position in shares of ManpowerGroup by 34.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock valued at $133,000 after buying an additional 587 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Trading Up 3.5 %

Shares of NYSE MAN traded up $1.48 during midday trading on Friday, reaching $44.20. The company had a trading volume of 393,104 shares, compared to its average volume of 630,377. The stock has a market cap of $2.07 billion, a PE ratio of 14.77 and a beta of 1.28. ManpowerGroup Inc. has a one year low of $39.22 and a one year high of $78.87. The firm's fifty day moving average price is $53.23 and its 200-day moving average price is $57.86. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

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

Analyst Ratings Changes

A number of brokerages have weighed in on MAN. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock 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 research note on Thursday, April 10th. Truist Financial lowered their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Finally, Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their target price for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, 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.