Harbor Capital Advisors Inc. raised its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 126.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,328 shares of the business services provider's stock after acquiring an additional 26,425 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.10% of ManpowerGroup worth $3,480,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of MAN. Tidal Investments LLC grew its position in ManpowerGroup by 179.7% during the 1st quarter. Tidal Investments LLC now owns 17,327 shares of the business services provider's stock valued at $1,345,000 after purchasing an additional 11,132 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of ManpowerGroup by 510.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 40,206 shares of the business services provider's stock valued at $3,122,000 after acquiring an additional 33,623 shares in the last quarter. CWM LLC raised its holdings in ManpowerGroup by 5,109.1% in the 2nd quarter. CWM LLC now owns 7,449 shares of the business services provider's stock worth $520,000 after acquiring an additional 7,306 shares during the last quarter. Quadrature Capital Ltd lifted its position in ManpowerGroup by 140.0% in the 1st quarter. Quadrature Capital Ltd now owns 20,437 shares of the business services provider's stock valued at $1,587,000 after acquiring an additional 11,921 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in ManpowerGroup by 2.2% during the 1st quarter. Capital Research Global Investors now owns 927,364 shares of the business services provider's stock valued at $72,001,000 after purchasing an additional 19,819 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.
ManpowerGroup Stock Performance
MAN traded up $0.27 during trading on Monday, hitting $63.57. The company's stock had a trading volume of 584,568 shares, compared to its average volume of 431,733. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.02 billion, a PE ratio of 80.46 and a beta of 1.46. ManpowerGroup Inc. has a one year low of $61.53 and a one year high of $80.25. The business's 50 day simple moving average is $70.14 and its 200-day simple moving average is $71.98.
Insider Transactions at ManpowerGroup
In other news, CFO John T. Mcginnis purchased 8,000 shares of the company's stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the completion of the transaction, the chief financial officer now directly owns 70,639 shares in the company, valued at $4,399,396.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.40% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on MAN shares. UBS Group lowered their price target on ManpowerGroup from $78.00 to $71.00 and set a "neutral" rating on the stock in a report on Friday, October 18th. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a research note on Friday, October 18th. JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Friday, July 19th. Finally, Truist Financial decreased their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a "hold" rating for the company in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, ManpowerGroup presently has a consensus rating of "Hold" and a consensus target price of $76.60.
Get Our Latest Stock Report on ManpowerGroup
About ManpowerGroup
(
Free Report)
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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