Louisiana State Employees Retirement System Buys New Shares in ManpowerGroup Inc. (NYSE:MAN)

Louisiana State Employees Retirement System purchased a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 13,700 shares of the business services provider's stock, valued at approximately $1,089,000.

Other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in shares of ManpowerGroup during the third quarter valued at about $94,417,000. Victory Capital Management Inc. grew its holdings in ManpowerGroup by 11.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,622,221 shares of the business services provider's stock worth $265,581,000 after acquiring an additional 373,473 shares during the last quarter. Invesco Ltd. grew its holdings in ManpowerGroup by 22.5% during the 3rd quarter. Invesco Ltd. now owns 1,283,262 shares of the business services provider's stock worth $94,089,000 after acquiring an additional 235,578 shares during the last quarter. Wellington Management Group LLP increased its position in ManpowerGroup by 9.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,079,177 shares of the business services provider's stock valued at $79,125,000 after acquiring an additional 92,090 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of ManpowerGroup during the third quarter valued at $3,226,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MAN. BNP Paribas restated an "underperform" rating and issued a $70.00 price objective on shares of ManpowerGroup in a report on Friday, January 5th. Truist Financial lifted their price objective on ManpowerGroup from $75.00 to $78.00 and gave the stock a "hold" rating in a research note on Wednesday, January 31st. StockNews.com lowered shares of ManpowerGroup from a "buy" rating to a "hold" rating in a report on Wednesday, January 31st. UBS Group dropped their price target on shares of ManpowerGroup from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, April 19th. Finally, BMO Capital Markets increased their price objective on shares of ManpowerGroup from $81.00 to $84.00 and gave the stock a "market perform" rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, ManpowerGroup has an average rating of "Hold" and an average price target of $83.00.

ManpowerGroup Stock Up 0.9 %

NYSE MAN traded up $0.66 on Wednesday, hitting $77.10. 422,876 shares of the company were exchanged, compared to its average volume of 396,519. The stock has a fifty day moving average of $73.47 and a 200-day moving average of $74.43. ManpowerGroup Inc. has a 12 month low of $67.35 and a 12 month high of $88.91. The company has a market cap of $3.73 billion, a PE ratio of 79.49, a PEG ratio of 1.59 and a beta of 1.54. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business posted $1.61 EPS. The firm's revenue for the quarter was down 7.3% compared to the same quarter last year. As a group, analysts forecast that ManpowerGroup Inc. will post 4.99 earnings per share for the current year.

ManpowerGroup Company 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.