Acrospire Investment Management LLC raised its position in ManpowerGroup (NYSE:MAN) by 27.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 924 shares of the business services provider’s stock after buying an additional 200 shares during the quarter. Acrospire Investment Management LLC’s holdings in ManpowerGroup were worth $103,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Synovus Financial Corp increased its holdings in ManpowerGroup by 0.3% in the 2nd quarter. Synovus Financial Corp now owns 3,273 shares of the business services provider’s stock valued at $360,000 after buying an additional 9 shares during the period. World Asset Management Inc grew its holdings in shares of ManpowerGroup by 0.7% during the 1st quarter. World Asset Management Inc now owns 5,309 shares of the business services provider’s stock valued at $545,000 after purchasing an additional 37 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of ManpowerGroup by 0.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 17,669 shares of the business services provider’s stock valued at $1,973,000 after purchasing an additional 46 shares during the last quarter. Robecosam AG grew its holdings in shares of ManpowerGroup by 0.7% during the 1st quarter. Robecosam AG now owns 7,048 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 49 shares during the last quarter. Finally, Global X Management Co. LLC grew its holdings in shares of ManpowerGroup by 2.1% during the 2nd quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 59 shares during the last quarter. 93.71% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on MAN. BMO Capital Markets lifted their price target on shares of ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $111.00 price target (up from $104.00) on shares of ManpowerGroup in a report on Friday, July 14th. BidaskClub raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research lowered shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $111.00 price target (up from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $109.60.
In related news, EVP Sriram Chandrashekar sold 19,912 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $105.39, for a total value of $2,098,525.68. Following the transaction, the executive vice president now directly owns 1,659 shares in the company, valued at $174,842.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $107.94, for a total transaction of $226,674.00. Following the completion of the transaction, the director now owns 11,136 shares in the company, valued at $1,202,019.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,858 shares of company stock worth $13,029,300. 0.87% of the stock is owned by company insiders.
Shares of ManpowerGroup (MAN) opened at 115.95 on Friday. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 17.74 and a beta of 1.38. ManpowerGroup has a one year low of $68.03 and a one year high of $119.59. The company’s 50 day moving average is $109.94 and its 200 day moving average is $106.06.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.01). The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $1.60 earnings per share. Equities research analysts predict that ManpowerGroup will post $6.75 earnings per share for the current year.
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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