Nebula Research & Development LLC Buys Shares of 11,427 ManpowerGroup Inc. (NYSE:MAN)

Nebula Research & Development LLC acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,427 shares of the business services provider's stock, valued at approximately $660,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC acquired a new stake in shares of ManpowerGroup in the fourth quarter valued at approximately $241,000. AlphaQuest LLC raised its stake in ManpowerGroup by 4,364.3% in the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider's stock valued at $1,616,000 after buying an additional 27,364 shares during the period. Bank of New York Mellon Corp lifted its holdings in ManpowerGroup by 34.5% during the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock valued at $43,189,000 after purchasing an additional 191,901 shares during the last quarter. JPMorgan Chase & Co. boosted its position in ManpowerGroup by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 162,534 shares of the business services provider's stock worth $11,950,000 after purchasing an additional 1,999 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of ManpowerGroup by 1,373.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 53,473 shares of the business services provider's stock valued at $3,086,000 after purchasing an additional 49,845 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

Wall Street Analyst Weigh In

MAN has been the topic of a number of recent research reports. Truist Financial lowered their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. UBS Group lowered their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. BMO Capital Markets decreased 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. JPMorgan Chase & Co. lowered their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Stock Up 3.5 %

MAN traded up $1.50 during mid-day trading on Friday, reaching $44.22. 1,051,492 shares of the stock were exchanged, compared to its average volume of 632,933. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The stock has a market capitalization of $2.07 billion, a PE ratio of 14.79 and a beta of 1.28. The company has a 50 day moving average price of $53.23 and a two-hundred day moving average price of $57.86. ManpowerGroup Inc. has a 1 year low of $39.22 and a 1 year high of $78.87.

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