10,418 Shares in ManpowerGroup Inc. (NYSE:MAN) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,418 shares of the business services provider's stock, valued at approximately $601,000.

A number of other large investors have also recently bought and sold shares of the stock. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup during the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. increased its stake in shares of ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after acquiring an additional 562 shares during the last quarter. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 778 shares during the last quarter. R Squared Ltd acquired a new position in shares of ManpowerGroup during the 4th quarter valued at about $95,000. Finally, PNC Financial Services Group Inc. increased its stake 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 valued at $133,000 after acquiring an additional 587 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Price Performance

Shares of NYSE MAN traded down $0.10 during midday trading on Monday, reaching $42.33. The company's stock had a trading volume of 864,249 shares, compared to its average volume of 618,195. 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 company has a 50 day moving average price of $53.92 and a 200 day moving average price of $58.28. ManpowerGroup Inc. has a one year low of $39.22 and a one year high of $78.87. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 14.16 and a beta of 1.28.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its 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). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The business had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, equities research analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MAN. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. UBS Group decreased their target price on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Truist Financial decreased their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. BMO Capital Markets decreased their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $57.50.

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.