Yousif Capital Management LLC Cuts Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Yousif Capital Management LLC lessened its position in ManpowerGroup Inc. (NYSE:MAN) by 1.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,306 shares of the business services provider’s stock after selling 501 shares during the quarter. Yousif Capital Management LLC’s holdings in ManpowerGroup were worth $2,011,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CWM LLC increased its holdings in ManpowerGroup by 345.1% during the 3rd quarter. CWM LLC now owns 365 shares of the business services provider’s stock worth $27,000 after purchasing an additional 283 shares during the period. Venturi Wealth Management LLC increased its holdings in ManpowerGroup by 54.8% during the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after purchasing an additional 160 shares during the period. Exchange Traded Concepts LLC increased its holdings in ManpowerGroup by 19.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock worth $74,000 after purchasing an additional 162 shares during the period. Covestor Ltd increased its holdings in ManpowerGroup by 8.0% during the 3rd quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock worth $189,000 after purchasing an additional 190 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in shares of ManpowerGroup during the 4th quarter worth about $236,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Down 0.4 %

ManpowerGroup stock opened at $75.19 on Thursday. ManpowerGroup Inc. has a twelve month low of $67.35 and a twelve month high of $88.91. The stock has a 50 day moving average of $73.99 and a two-hundred day moving average of $74.55. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 77.51, a PEG ratio of 1.60 and a beta of 1.54.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the firm earned $1.61 EPS. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis. As a group, research analysts expect that ManpowerGroup Inc. will post 4.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on ManpowerGroup from $81.00 to $84.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. StockNews.com cut ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. BNP Paribas reaffirmed an “underperform” rating and set a $70.00 price objective on shares of ManpowerGroup in a research report on Friday, January 5th. UBS Group lowered their price objective on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, William Blair assumed coverage on ManpowerGroup in a research report on Monday, January 8th. They set a “market perform” rating for the company. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus 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.