Dimensional Fund Advisors LP Purchases 59,763 Shares of ManpowerGroup Inc. (NYSE:MAN)

Dimensional Fund Advisors LP raised its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,493,838 shares of the business services provider's stock after purchasing an additional 59,763 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.31% of ManpowerGroup worth $143,942,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its position in shares of ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock worth $2,745,000 after buying an additional 234 shares during the period. Twin Capital Management Inc. boosted its position in ManpowerGroup by 1.7% during the fourth quarter. Twin Capital Management Inc. now owns 25,896 shares of the business services provider's stock valued at $1,495,000 after acquiring an additional 439 shares during the last quarter. Bank of Nova Scotia raised its position in shares of ManpowerGroup by 8.8% in the 4th quarter. Bank of Nova Scotia now owns 5,676 shares of the business services provider's stock worth $328,000 after acquiring an additional 458 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of ManpowerGroup by 6.4% in the 4th quarter. Synovus Financial Corp now owns 8,428 shares of the business services provider's stock valued at $486,000 after purchasing an additional 506 shares during the period. Finally, KBC Group NV lifted its stake in shares of ManpowerGroup by 1.0% in the 4th quarter. KBC Group NV now owns 54,109 shares of the business services provider's stock valued at $3,123,000 after purchasing an additional 536 shares during the period. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Stock Up 0.5 %

Shares of NYSE MAN traded up $0.20 during mid-day trading on Tuesday, reaching $42.50. 671,029 shares of the company's stock traded hands, compared to its average volume of 870,901. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The business has a 50-day simple moving average of $53.92 and a 200 day simple moving average of $58.28. The stock has a market cap of $1.99 billion, a P/E ratio of 14.21 and a beta of 1.28. ManpowerGroup Inc. has a 1-year low of $39.22 and a 1-year high of $78.87.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The company had revenue of $698.30 million for the quarter, compared to analyst estimates of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter last year, the firm posted $0.94 EPS. On average, analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MAN. Truist Financial lowered 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. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. UBS Group reduced their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, BMO Capital Markets reduced their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, ManpowerGroup currently has an average rating of "Hold" and a consensus price target 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.