Marshall Wace LLP Takes $2.63 Million Position in ManpowerGroup Inc. (NYSE:MAN)

Marshall Wace LLP bought a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 45,600 shares of the business services provider's stock, valued at approximately $2,632,000. Marshall Wace LLP owned approximately 0.10% of ManpowerGroup at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp purchased a new stake in shares of ManpowerGroup during the 4th quarter worth approximately $35,000. SRS Capital Advisors Inc. raised its stake in ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after purchasing an additional 562 shares in the last quarter. Blue Trust Inc. lifted its position in ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after purchasing an additional 778 shares during the last quarter. R Squared Ltd purchased a new position in shares of ManpowerGroup in the 4th quarter worth $95,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of ManpowerGroup by 34.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock worth $133,000 after buying an additional 587 shares during the last quarter. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Stock Up 1.5 %

NYSE:MAN opened at $42.49 on Friday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 14.21 and a beta of 1.28. ManpowerGroup Inc. has a twelve month low of $39.22 and a twelve month high of $78.87. 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 stock has a fifty day simple moving average of $54.17 and a 200-day simple moving average of $58.56.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share 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 the consensus estimate of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter in the previous year, the business earned $0.94 EPS. Analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current year.

Analysts Set New Price Targets

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

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