Lecap Asset Management Ltd. Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Lecap Asset Management Ltd. bought a new position in ManpowerGroup Inc. (NYSE:MAN) in the 4th quarter, HoldingsChannel.com reports. The fund bought 4,100 shares of the business services provider’s stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in ManpowerGroup by 0.7% in the third quarter. Vanguard Group Inc. now owns 6,751,129 shares of the business services provider’s stock worth $436,730,000 after buying an additional 49,461 shares in the last quarter. Victory Capital Management Inc. boosted its stake in ManpowerGroup by 11.5% in the third quarter. Victory Capital Management Inc. now owns 3,622,221 shares of the business services provider’s stock worth $265,581,000 after buying an additional 373,473 shares in the last quarter. State Street Corp boosted its stake in ManpowerGroup by 4.1% in the first quarter. State Street Corp now owns 1,990,548 shares of the business services provider’s stock worth $164,278,000 after buying an additional 78,884 shares in the last quarter. Invesco Ltd. boosted its stake in shares of ManpowerGroup by 67.2% during the first 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 during the period. Finally, Schroder Investment Management Group purchased a new stake in shares of ManpowerGroup during the third quarter valued at approximately $94,417,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

MAN opened at $70.54 on Tuesday. The stock has a fifty day simple moving average of $73.38 and a two-hundred day simple moving average of $74.41. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. ManpowerGroup Inc. has a 12-month low of $67.35 and a 12-month high of $88.91.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Tuesday, January 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.26. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.57 billion. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.08 earnings per share. Research analysts predict that ManpowerGroup Inc. will post 5.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on MAN shares. William Blair started coverage on ManpowerGroup in a research note on Monday, January 8th. They set a “market perform” rating for the company. StockNews.com lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Truist Financial increased their price objective on ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. BMO Capital Markets decreased their target price on ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday, February 1st. Finally, BNP Paribas restated an “underperform” rating and set a $70.00 target price on shares of ManpowerGroup in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, ManpowerGroup currently has an average rating of “Hold” and an average price target of $83.00.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. 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. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.