Insider Selling: ManpowerGroup Inc. (NYSE:MAN) SVP Sells 2,500 Shares of Stock

ManpowerGroup Inc. (NYSE:MAN – Get Rating) SVP Donald O. Mondano sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $85.50, for a total value of $213,750.00. Following the sale, the senior vice president now directly owns 5,440 shares in the company, valued at approximately $465,120. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

ManpowerGroup Trading Up 0.6 %

MAN opened at $84.65 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 1.21. ManpowerGroup Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $108.48. The firm has a market capitalization of $4.28 billion, a PE ratio of 12.01, a P/E/G ratio of 1.93 and a beta of 1.68. The company’s 50-day moving average is $86.70 and its 200 day moving average is $80.60.

ManpowerGroup (NYSE:MAN – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The business services provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.06). The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.75 billion. ManpowerGroup had a net margin of 1.89% and a return on equity of 18.19%. The company’s quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. As a group, research analysts predict that ManpowerGroup Inc. will post 6.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MAN. Vanguard Group Inc. lifted its holdings in shares of ManpowerGroup by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,751,129 shares of the business services provider’s stock worth $436,730,000 after acquiring an additional 49,461 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of ManpowerGroup by 19.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,159,809 shares of the business services provider’s stock valued at $263,652,000 after acquiring an additional 519,744 shares during the period. State Street Corp increased its position in shares of ManpowerGroup by 3.6% in the first quarter. State Street Corp now owns 1,938,984 shares of the business services provider’s stock valued at $182,109,000 after acquiring an additional 67,221 shares during the period. Invesco Ltd. boosted its stake in shares of ManpowerGroup by 67.2% during the 1st quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider’s stock valued at $172,812,000 after purchasing an additional 739,380 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of ManpowerGroup by 2.8% during the 2nd quarter. FMR LLC now owns 1,727,674 shares of the business services provider’s stock valued at $132,012,000 after purchasing an additional 46,656 shares in the last quarter. 97.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MAN shares. Robert W. Baird lifted their price target on ManpowerGroup from $94.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. TheStreet raised ManpowerGroup from a “c+” rating to a “b-” rating in a research note on Monday, November 21st. Truist Financial lifted their target price on ManpowerGroup from $80.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. Northcoast Research downgraded ManpowerGroup from a “buy” rating to a “neutral” rating in a research report on Thursday, January 26th. Finally, The Goldman Sachs Group lifted their price target on ManpowerGroup from $64.00 to $73.00 and gave the stock a “sell” rating in a report on Monday, December 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.22.

ManpowerGroup Company Profile

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ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Right Management. The Americas segment offers services as Manpower, Experis, and ManpowerGroup Solutions through both branch and franchise offices.