Verition Fund Management LLC Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Verition Fund Management LLC purchased a new position in shares of ManpowerGroup Inc. (NYSE:MANGet Rating) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 8,084 shares of the business services provider’s stock, valued at approximately $759,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in ManpowerGroup by 88.6% during the first quarter. Fifth Third Bancorp now owns 347 shares of the business services provider’s stock worth $33,000 after purchasing an additional 163 shares during the last quarter. Quent Capital LLC purchased a new stake in ManpowerGroup in the 4th quarter worth approximately $50,000. Captrust Financial Advisors raised its position in shares of ManpowerGroup by 72.6% during the 1st quarter. Captrust Financial Advisors now owns 858 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 361 shares during the period. Covestor Ltd lifted its position in shares of ManpowerGroup by 171.5% in the first quarter. Covestor Ltd now owns 1,857 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 1,173 shares in the last quarter. Finally, MQS Management LLC purchased a new position in ManpowerGroup in the 1st quarter worth approximately $208,000. Institutional investors own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

MAN has been the topic of several analyst reports. Credit Suisse Group cut their price target on shares of ManpowerGroup to $80.00 in a report on Friday, July 22nd. StockNews.com cut ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Truist Financial cut ManpowerGroup from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research report on Friday, July 15th. Barclays decreased their price target on shares of ManpowerGroup from $100.00 to $80.00 and set an “underweight” rating for the company in a report on Friday, July 22nd. Finally, JPMorgan Chase & Co. cut shares of ManpowerGroup from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $145.00 to $78.00 in a research note on Monday, July 11th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $82.67.

ManpowerGroup Trading Down 2.0 %

NYSE:MAN opened at $67.46 on Friday. The stock has a 50-day simple moving average of $75.91 and a 200-day simple moving average of $83.59. ManpowerGroup Inc. has a 1 year low of $67.46 and a 1 year high of $115.54. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $3.49 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.79 and a beta of 1.70.

ManpowerGroup (NYSE:MANGet Rating) last released its earnings results on Tuesday, July 19th. The business services provider reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.02. The company had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $5.28 billion. ManpowerGroup had a return on equity of 18.15% and a net margin of 2.04%. As a group, analysts anticipate that ManpowerGroup Inc. will post 8.72 earnings per share for the current fiscal year.

ManpowerGroup Company Profile

(Get Rating)

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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