Marshall Wace LLP Purchases New Position in ManpowerGroup Inc. (MAN)

Marshall Wace LLP purchased a new stake in ManpowerGroup Inc. (NYSE:MAN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 92,390 shares of the business services provider’s stock, valued at approximately $7,951,000. Marshall Wace LLP owned about 0.14% of ManpowerGroup as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in MAN. American Century Companies Inc. lifted its stake in shares of ManpowerGroup by 1.8% in the 1st quarter. American Century Companies Inc. now owns 93,163 shares of the business services provider’s stock valued at $10,723,000 after acquiring an additional 1,668 shares during the last quarter. Engineers Gate Manager LP increased its holdings in ManpowerGroup by 155.4% in the first quarter. Engineers Gate Manager LP now owns 11,197 shares of the business services provider’s stock valued at $1,289,000 after purchasing an additional 6,813 shares during the period. Aperio Group LLC increased its holdings in ManpowerGroup by 3.9% in the first quarter. Aperio Group LLC now owns 81,977 shares of the business services provider’s stock valued at $9,436,000 after purchasing an additional 3,045 shares during the period. Thrivent Financial for Lutherans increased its holdings in ManpowerGroup by 4.1% in the first quarter. Thrivent Financial for Lutherans now owns 14,991 shares of the business services provider’s stock valued at $1,725,000 after purchasing an additional 597 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in ManpowerGroup by 5.3% in the first quarter. Teacher Retirement System of Texas now owns 193,609 shares of the business services provider’s stock valued at $22,284,000 after purchasing an additional 9,757 shares during the period. Institutional investors own 92.06% of the company’s stock.

Shares of ManpowerGroup stock opened at $88.21 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.48 and a quick ratio of 1.48. ManpowerGroup Inc. has a 1-year low of $81.85 and a 1-year high of $136.93. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 10.49 and a beta of 1.22.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, July 20th. The business services provider reported $2.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $2.35. ManpowerGroup had a return on equity of 19.37% and a net margin of 2.67%. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same period last year, the business posted $1.72 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. sell-side analysts forecast that ManpowerGroup Inc. will post 8.94 earnings per share for the current year.

ManpowerGroup announced that its Board of Directors has authorized a share buyback program on Friday, August 3rd that allows the company to buyback 6,000,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

In other ManpowerGroup news, Director Ulice Payne, Jr. sold 1,350 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $89.43, for a total transaction of $120,730.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mara E. Swan sold 11,192 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $93.77, for a total value of $1,049,473.84. Following the sale, the executive vice president now owns 13,493 shares of the company’s stock, valued at $1,265,238.61. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

A number of research firms recently weighed in on MAN. ValuEngine upgraded ManpowerGroup from a “strong sell” rating to a “sell” rating in a report on Thursday, July 26th. Nomura restated a “buy” rating and issued a $130.00 price objective on shares of ManpowerGroup in a report on Sunday, July 22nd. Zacks Investment Research downgraded ManpowerGroup from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Credit Suisse Group began coverage on ManpowerGroup in a report on Friday, August 10th. They issued an “outperform” rating and a $115.00 price objective for the company. Finally, BMO Capital Markets decreased their price objective on ManpowerGroup from $107.00 to $96.00 and set an “outperform” rating for the company in a report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.70.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

Recommended Story: Do Tariffs Work?

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply