Louisiana State Employees Retirement System Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Louisiana State Employees Retirement System bought a new position in ManpowerGroup Inc. (NYSE:MAN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,700 shares of the business services provider’s stock, valued at approximately $1,089,000.

Other large investors have also added to or reduced their stakes in the company. UBS Group AG grew its position in ManpowerGroup by 88.3% in the 3rd quarter. UBS Group AG now owns 52,185 shares of the business services provider’s stock worth $3,826,000 after purchasing an additional 24,466 shares during the period. ING Groep NV bought a new stake in shares of ManpowerGroup during the 3rd quarter valued at $1,019,000. Teachers Retirement System of The State of Kentucky grew its position in shares of ManpowerGroup by 91.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 17,437 shares of the business services provider’s stock valued at $1,278,000 after acquiring an additional 8,318 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of ManpowerGroup during the 3rd quarter valued at $1,603,000. Finally, Quantbot Technologies LP grew its position in shares of ManpowerGroup by 376.8% during the 3rd quarter. Quantbot Technologies LP now owns 23,688 shares of the business services provider’s stock valued at $1,737,000 after acquiring an additional 18,720 shares during the period. Institutional investors own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MAN. Truist Financial boosted their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. BNP Paribas reissued an “underperform” rating and set a $70.00 price objective on shares of ManpowerGroup in a research report on Friday, January 5th. William Blair began coverage on shares of ManpowerGroup in a research report on Monday, January 8th. They set a “market perform” rating for the company. UBS Group cut their price objective on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, StockNews.com downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ManpowerGroup currently has an average rating of “Hold” and an average target price of $83.00.

ManpowerGroup Trading Up 1.0 %

Shares of ManpowerGroup stock opened at $76.44 on Wednesday. The company has a market capitalization of $3.70 billion, a P/E ratio of 78.80, a P/E/G ratio of 0.64 and a beta of 1.54. ManpowerGroup Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $88.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.17. The company has a fifty day moving average of $73.36 and a 200 day moving average of $74.41.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.61 EPS. On average, sell-side analysts anticipate that ManpowerGroup Inc. will post 4.99 earnings per share for the current fiscal year.

ManpowerGroup 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.