Lecap Asset Management Ltd. Takes Position in ManpowerGroup Inc. (NYSE:MAN)

Lecap Asset Management Ltd. bought a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,016 shares of the business services provider's stock, valued at approximately $520,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Retirement Systems of Alabama increased its holdings in ManpowerGroup by 9.3% during the 4th quarter. Retirement Systems of Alabama now owns 164,422 shares of the business services provider's stock valued at $9,490,000 after purchasing an additional 14,000 shares during the period. ARGA Investment Management LP increased its holdings in ManpowerGroup by 1.7% during the 4th quarter. ARGA Investment Management LP now owns 91,752 shares of the business services provider's stock valued at $5,296,000 after purchasing an additional 1,544 shares during the period. WFA Asset Management Corp purchased a new position in ManpowerGroup during the 4th quarter valued at about $35,000. Chicago Partners Investment Group LLC purchased a new position in ManpowerGroup during the 4th quarter valued at about $231,000. Finally, R Squared Ltd purchased a new position in shares of ManpowerGroup during the 4th quarter worth approximately $95,000. Institutional investors own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MAN. BMO Capital Markets reduced their target price on ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a report on Friday, October 18th. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Barclays reduced their target price on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a report on Friday, January 3rd. UBS Group cut their price target on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, Truist Financial restated a "hold" rating and issued a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $69.33.

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ManpowerGroup Trading Down 2.0 %

Shares of NYSE:MAN traded down $1.10 during trading on Wednesday, reaching $55.29. The company's stock had a trading volume of 646,517 shares, compared to its average volume of 753,918. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 12 month low of $53.70 and a 12 month high of $78.87. The firm's 50 day simple moving average is $58.49 and its two-hundred day simple moving average is $65.21. The stock has a market capitalization of $2.60 billion, a PE ratio of 18.49 and a beta of 1.45.

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.