Oxford Asset Management LLP Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Oxford Asset Management LLP acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,487 shares of the business services provider's stock, valued at approximately $432,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAN. WFA Asset Management Corp purchased a new position in shares of ManpowerGroup in the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. grew its holdings in shares of ManpowerGroup by 171.3% during the fourth 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 during the last quarter. Blue Trust Inc. boosted its stake in shares of ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after buying an additional 778 shares during the period. R Squared Ltd acquired a new stake in shares of ManpowerGroup during the fourth quarter worth about $95,000. Finally, PNC Financial Services Group Inc. boosted its stake 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 worth $133,000 after buying an additional 587 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MAN shares. Truist Financial decreased their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. UBS Group cut their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. BMO Capital Markets lowered their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Finally, Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, ManpowerGroup presently has an average rating of "Hold" and a consensus target price of $57.50.

ManpowerGroup Stock Up 1.3 %

Shares of NYSE MAN traded up $0.54 during mid-day trading on Wednesday, reaching $43.10. The company had a trading volume of 1,789,788 shares, compared to its average volume of 627,826. The stock has a fifty day moving average of $53.67 and a two-hundred day moving average of $58.17. 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 company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.41 and a beta of 1.28. ManpowerGroup Inc. has a 12-month low of $39.22 and a 12-month high of $78.87.

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

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.