Mercer Global Advisors Inc. ADV Invests $130,000 in ManpowerGroup Inc. (NYSE:MAN)

Mercer Global Advisors Inc. ADV bought a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,859 shares of the business services provider’s stock, valued at approximately $130,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAN. Pzena Investment Management LLC bought a new position in shares of ManpowerGroup in the 2nd quarter worth approximately $24,508,000. Capital Research Global Investors lifted its position in ManpowerGroup by 37.5% during the fourth quarter. Capital Research Global Investors now owns 907,545 shares of the business services provider’s stock valued at $72,123,000 after buying an additional 247,383 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of ManpowerGroup by 4.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock valued at $287,987,000 after buying an additional 183,527 shares in the last quarter. Schroder Investment Management Group grew its position in shares of ManpowerGroup by 10.7% in the 4th quarter. Schroder Investment Management Group now owns 1,425,180 shares of the business services provider’s stock worth $113,259,000 after buying an additional 137,441 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of ManpowerGroup by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock worth $160,539,000 after acquiring an additional 103,059 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Down 1.2 %

ManpowerGroup stock opened at $72.62 on Wednesday. ManpowerGroup Inc. has a twelve month low of $66.03 and a twelve month high of $80.25. The business has a fifty day moving average of $72.32 and a two-hundred day moving average of $73.04. The firm has a market cap of $3.46 billion, a P/E ratio of 74.87 and a beta of 1.45. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.27 by $0.03. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, analysts forecast that ManpowerGroup Inc. will post 4.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MAN shares. JPMorgan Chase & Co. dropped their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. BMO Capital Markets upped their price target on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. Finally, BNP Paribas upgraded shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective for the company in a research note on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $82.40.

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.