Occudo Quantitative Strategies LP Purchases 4,373 Shares of ManpowerGroup Inc. (NYSE:MAN)

Occudo Quantitative Strategies LP grew its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 34.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,951 shares of the business services provider’s stock after buying an additional 4,373 shares during the period. Occudo Quantitative Strategies LP’s holdings in ManpowerGroup were worth $978,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MAN. Colonial Trust Co SC bought a new stake in ManpowerGroup in the 4th quarter valued at about $28,000. WFA Asset Management Corp purchased a new position in shares of ManpowerGroup in the fourth quarter worth about $35,000. SRS Capital Advisors Inc. raised its position in shares of ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 562 shares during the period. Blue Trust Inc. raised its position in shares of ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 778 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of ManpowerGroup during the 4th quarter valued at approximately $95,000. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

ManpowerGroup stock opened at $43.80 on Wednesday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 14.65 and a beta of 1.09. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $50.67 and a 200 day simple moving average of $56.46. ManpowerGroup Inc. has a 52 week low of $38.10 and a 52 week high of $78.87.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The company had revenue of $698.30 million during 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 in the prior year, the firm earned $0.94 EPS. On average, research analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.72 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup’s dividend payout ratio is presently 62.61%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. UBS Group reduced their price target on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Truist Financial decreased their price objective on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their target price on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Finally, Barclays raised shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $57.50.

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.