Alexander Randolph Advisory Inc. Buys New Stake in ManpowerGroup Inc. (NYSE:MAN)

Alexander Randolph Advisory Inc. acquired a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 32,129 shares of the business services provider's stock, valued at approximately $2,553,000. ManpowerGroup comprises approximately 2.3% of Alexander Randolph Advisory Inc.'s portfolio, making the stock its 16th biggest holding. Alexander Randolph Advisory Inc. owned 0.07% of ManpowerGroup as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D boosted its holdings in shares of ManpowerGroup by 7.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 33,460 shares of the business services provider's stock worth $2,659,000 after purchasing an additional 2,199 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in ManpowerGroup by 11.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,178 shares of the business services provider's stock valued at $650,000 after acquiring an additional 871 shares during the period. KLCM Advisors Inc. purchased a new position in ManpowerGroup during the 4th quarter valued at $8,151,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ManpowerGroup by 7.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,513 shares of the business services provider's stock valued at $835,000 after acquiring an additional 767 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in ManpowerGroup by 24.0% during the 4th quarter. Mackenzie Financial Corp now owns 34,367 shares of the business services provider's stock valued at $2,731,000 after acquiring an additional 6,656 shares during the period. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Stock Performance

Shares of MAN stock traded down $0.34 during mid-day trading on Friday, reaching $75.85. The stock had a trading volume of 298,062 shares, compared to its average volume of 409,868. The business's fifty day moving average is $73.79 and its 200-day moving average is $74.49. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 78.20, a PEG ratio of 1.59 and a beta of 1.54. ManpowerGroup Inc. has a 1-year low of $67.35 and a 1-year high of $88.91.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.04. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The company's revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.61 earnings per share. On average, research analysts forecast that ManpowerGroup Inc. will post 4.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MAN. StockNews.com cut ManpowerGroup from a "buy" rating to a "hold" rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on ManpowerGroup from $82.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, April 19th. BMO Capital Markets boosted their price target on ManpowerGroup from $81.00 to $84.00 and gave the stock a "market perform" rating in a research report on Monday, April 22nd. Truist Financial boosted their price target on ManpowerGroup from $75.00 to $78.00 and gave the stock a "hold" rating in a research report on Wednesday, January 31st. Finally, William Blair started coverage on ManpowerGroup in a research report on Monday, January 8th. They issued a "market perform" rating for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $83.00.

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.