Foundry Partners LLC Boosts Position in ManpowerGroup Inc. (NYSE:MAN)

Foundry Partners LLC lifted its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,082 shares of the business services provider's stock after purchasing an additional 10,351 shares during the quarter. Foundry Partners LLC owned 0.15% of ManpowerGroup worth $3,930,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bryce Point Capital LLC bought a new position in shares of ManpowerGroup in the fourth quarter valued at $1,501,000. Trexquant Investment LP lifted its position in ManpowerGroup by 53.0% in the 4th quarter. Trexquant Investment LP now owns 54,236 shares of the business services provider's stock valued at $3,131,000 after acquiring an additional 18,791 shares in the last quarter. Headlands Technologies LLC increased its holdings in ManpowerGroup by 443.7% during the 4th quarter. Headlands Technologies LLC now owns 2,588 shares of the business services provider's stock worth $149,000 after purchasing an additional 2,112 shares in the last quarter. Alliancebernstein L.P. increased its holdings in ManpowerGroup by 6.4% during the 4th quarter. Alliancebernstein L.P. now owns 90,447 shares of the business services provider's stock worth $5,221,000 after purchasing an additional 5,432 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of ManpowerGroup during the fourth quarter valued at about $424,000. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Performance

Shares of MAN stock traded down $3.01 on Thursday, hitting $49.86. 283,449 shares of the stock were exchanged, compared to its average volume of 576,923. ManpowerGroup Inc. has a one year low of $47.29 and a one year high of $78.87. The firm's 50 day moving average is $56.86 and its two-hundred day moving average is $60.79. The firm has a market capitalization of $2.33 billion, a PE ratio of 16.75 and a beta of 1.28. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on MAN shares. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Truist Financial restated a "hold" rating and issued a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $55.00 to $50.00 in a research note on Thursday. Finally, UBS Group reduced their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, ManpowerGroup currently has a consensus rating of "Hold" and an average price target of $68.50.

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.