Royce & Associates LP decreased its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 636,562 shares of the business services provider’s stock after selling 84,723 shares during the period. Royce & Associates LP owned about 0.96% of ManpowerGroup worth $80,277,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in shares of ManpowerGroup by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 99,032 shares of the business services provider’s stock valued at $11,057,000 after acquiring an additional 906 shares during the period. Koch Industries Inc. acquired a new position in ManpowerGroup in the second quarter worth approximately $208,000. Mutual of America Capital Management LLC boosted its stake in ManpowerGroup by 0.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,819 shares of the business services provider’s stock worth $6,459,000 after purchasing an additional 483 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in ManpowerGroup by 22.8% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 156,680 shares of the business services provider’s stock worth $18,460,000 after purchasing an additional 29,091 shares during the period. Finally, California Public Employees Retirement System boosted its stake in ManpowerGroup by 2.9% in the 3rd quarter. California Public Employees Retirement System now owns 237,568 shares of the business services provider’s stock worth $27,990,000 after purchasing an additional 6,618 shares during the period. 94.91% of the stock is currently owned by hedge funds and other institutional investors.
In other ManpowerGroup news, Director Patricia Hemingway Hall sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $127.54, for a total value of $382,620.00. Following the completion of the sale, the director now owns 4,021 shares of the company’s stock, valued at $512,838.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mara E. Swan sold 7,127 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $118.84, for a total transaction of $846,972.68. Following the completion of the sale, the executive vice president now directly owns 27,986 shares of the company’s stock, valued at approximately $3,325,856.24. The disclosure for this sale can be found here. Insiders have sold 20,127 shares of company stock worth $2,499,593 over the last quarter. 0.87% of the stock is owned by company insiders.
Shares of ManpowerGroup Inc. (NYSE:MAN) traded up $1.24 during trading on Friday, hitting $122.58. 274,920 shares of the stock traded hands, compared to its average volume of 502,191. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.28. ManpowerGroup Inc. has a 1-year low of $95.88 and a 1-year high of $136.93. The firm has a market cap of $8,120.00, a price-to-earnings ratio of 15.21 and a beta of 1.28.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, February 2nd. The business services provider reported $2.12 EPS for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.54 billion. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 earnings per share. sell-side analysts predict that ManpowerGroup Inc. will post 8.96 earnings per share for the current year.
A number of research firms recently commented on MAN. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Monday, February 5th. BMO Capital Markets decreased their target price on shares of ManpowerGroup to $136.00 and set a “buy” rating for the company in a research note on Monday, February 5th. ValuEngine raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $110.00 price objective on shares of ManpowerGroup in a research note on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $124.50.
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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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