ManpowerGroup Inc. (NYSE:MAN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,102 shares of the business services provider's stock after selling 4,708 shares during the quarter. New York State Teachers Retirement System owned 0.11% of ManpowerGroup worth $3,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MAN. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup in the 4th quarter valued at about $35,000. Blue Trust Inc. raised its holdings in ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider's stock valued at $37,000 after buying an additional 375 shares during the period. Capital Performance Advisors LLP acquired a new position in ManpowerGroup during the third quarter valued at approximately $54,000. R Squared Ltd purchased a new stake in ManpowerGroup during the fourth quarter worth approximately $95,000. Finally, Venturi Wealth Management LLC increased its position in shares of ManpowerGroup by 400.3% in the third quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider's stock worth $122,000 after acquiring an additional 1,333 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.

Analyst Upgrades and Downgrades

MAN has been the topic of a number of research reports. Barclays cut their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. UBS Group reduced their price objective 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 reiterated a "hold" rating and issued a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $69.33.

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ManpowerGroup Stock Up 0.5 %

Shares of ManpowerGroup stock traded up $0.29 during trading hours on Tuesday, hitting $54.60. 385,327 shares of the company's stock traded hands, compared to its average volume of 702,020. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a twelve month low of $53.31 and a twelve month high of $78.87. The stock has a 50 day simple moving average of $57.36 and a 200-day simple moving average of $64.01. The company has a market cap of $2.55 billion, a PE ratio of 18.26 and a beta of 1.45.

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.