ManpowerGroup Inc. (NYSE:MAN) Shares Bought by Quarry LP

Quarry LP lifted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 193.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,262 shares of the business services provider’s stock after buying an additional 1,491 shares during the period. Quarry LP’s holdings in ManpowerGroup were worth $131,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its position in ManpowerGroup by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock valued at $2,745,000 after acquiring an additional 234 shares during the period. Twin Capital Management Inc. increased its position in ManpowerGroup by 1.7% in the 4th quarter. Twin Capital Management Inc. now owns 25,896 shares of the business services provider’s stock valued at $1,495,000 after acquiring an additional 439 shares during the period. Bank of Nova Scotia increased its position in ManpowerGroup by 8.8% in the 4th quarter. Bank of Nova Scotia now owns 5,676 shares of the business services provider’s stock valued at $328,000 after acquiring an additional 458 shares during the period. Synovus Financial Corp increased its position in ManpowerGroup by 6.4% in the 4th quarter. Synovus Financial Corp now owns 8,428 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 506 shares during the period. Finally, KBC Group NV increased its position in ManpowerGroup by 1.0% in the 4th quarter. KBC Group NV now owns 54,109 shares of the business services provider’s stock valued at $3,123,000 after acquiring an additional 536 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays upgraded ManpowerGroup from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. BMO Capital Markets dropped their target price on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. UBS Group dropped their target price on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Finally, Truist Financial dropped their target price on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $57.50.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $42.33 on Tuesday. The business’s 50 day simple moving average is $53.92 and its 200-day simple moving average is $58.28. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 14.16 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. ManpowerGroup Inc. has a 12 month low of $39.22 and a 12 month high of $78.87.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The firm had revenue of $698.30 million for the quarter, compared to analysts’ expectations of $3.94 billion. ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. During the same period last year, the firm earned $0.94 EPS. As a group, equities analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

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.