Bryce Point Capital LLC Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Bryce Point Capital LLC bought a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,007 shares of the business services provider's stock, valued at approximately $1,501,000. Bryce Point Capital LLC owned 0.06% of ManpowerGroup as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MAN. Cerity Partners LLC increased its position in ManpowerGroup by 5.5% in the 3rd quarter. Cerity Partners LLC now owns 12,918 shares of the business services provider's stock valued at $950,000 after buying an additional 679 shares in the last quarter. Bank of Montreal Can increased its stake in ManpowerGroup by 161.2% in the 3rd quarter. Bank of Montreal Can now owns 36,328 shares of the business services provider's stock valued at $2,662,000 after buying an additional 22,421 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in ManpowerGroup by 168.4% during the third quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider's stock worth $2,199,000 after acquiring an additional 18,764 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of ManpowerGroup in the 3rd quarter worth about $1,140,000. Finally, Captrust Financial Advisors boosted its stake in ManpowerGroup by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock valued at $240,000 after acquiring an additional 344 shares during the last quarter. Institutional investors own 98.03% of the company's stock.

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ManpowerGroup Trading Down 7.5 %

Shares of NYSE:MAN traded down $3.94 during midday trading on Monday, hitting $48.25. 322,680 shares of the stock traded hands, compared to its average volume of 784,957. The stock has a market capitalization of $2.26 billion, a PE ratio of 16.14 and a beta of 1.28. ManpowerGroup Inc. has a one year low of $48.31 and a one year high of $78.87. The business's 50 day moving average is $57.86 and its two-hundred day moving average is $61.44. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays decreased their price objective on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price target on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Truist Financial reissued a "hold" rating and issued a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Finally, UBS Group lowered their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $69.33.

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.