AXQ Capital LP Buys Shares of 14,062 ManpowerGroup Inc. (NYSE:MAN)

AXQ Capital LP purchased a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,062 shares of the business services provider's stock, valued at approximately $812,000.

Other institutional investors have also recently bought and sold shares of the company. WFA Asset Management Corp acquired a new stake in shares of ManpowerGroup in the 4th quarter valued at $35,000. SRS Capital Advisors Inc. raised its holdings in ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after purchasing an additional 562 shares during the last quarter. Blue Trust Inc. lifted its position in ManpowerGroup by 147.9% during the 4th 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. R Squared Ltd bought a new position in shares of ManpowerGroup in the 4th quarter valued at about $95,000. Finally, PNC Financial Services Group Inc. grew its position in shares of ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock worth $133,000 after buying an additional 587 shares during the period. Institutional investors own 98.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MAN. Barclays reduced their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research note on Friday, January 3rd. UBS Group dropped their price objective on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Truist Financial reiterated a "hold" rating and issued a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $69.33.

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ManpowerGroup Stock Up 1.3 %

Shares of NYSE MAN traded up $0.74 during mid-day trading on Wednesday, reaching $58.56. 472,998 shares of the company's stock were exchanged, compared to its average volume of 539,846. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $58.27 and a 200 day simple moving average of $62.19. ManpowerGroup Inc. has a twelve month low of $53.31 and a twelve month high of $78.87. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.58 and a beta of 1.43.

About ManpowerGroup

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.