ManpowerGroup Inc. (NYSE:MAN) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,946 shares of the business services provider's stock after selling 5,313 shares during the period. California Public Employees Retirement System owned 0.18% of ManpowerGroup worth $4,903,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MAN. WFA Asset Management Corp purchased a new position in ManpowerGroup in the 4th quarter worth about $35,000. SRS Capital Advisors Inc. increased its position in shares of ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after acquiring an additional 562 shares during the period. Blue Trust Inc. raised its stake in shares of ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after acquiring an additional 778 shares in the last quarter. R Squared Ltd purchased a new stake in shares of ManpowerGroup in the fourth quarter valued at approximately $95,000. Finally, PNC Financial Services Group Inc. grew its stake in ManpowerGroup by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock worth $133,000 after purchasing an additional 587 shares in the last quarter. 98.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Truist Financial reiterated a "hold" rating and set a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. UBS Group reduced their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their target price for the stock from $55.00 to $50.00 in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $67.50.

ManpowerGroup Price Performance

MAN traded up $0.67 on Monday, hitting $51.77. 22,647 shares of the company's stock were exchanged, compared to its average volume of 788,645. ManpowerGroup Inc. has a fifty-two week low of $47.29 and a fifty-two week high of $78.87. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 17.31 and a beta of 1.28. The firm has a 50-day moving average price of $56.55 and a 200-day moving average price of $60.40. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

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.