Ontario Teachers Pension Plan Board Decreases Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Ontario Teachers Pension Plan Board lowered its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 73.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,262 shares of the business services provider's stock after selling 11,944 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in ManpowerGroup were worth $246,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MAN. Harbor Capital Advisors Inc. increased its position in ManpowerGroup by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock worth $2,745,000 after buying an additional 234 shares during the period. Twin Capital Management Inc. increased its position in ManpowerGroup by 1.7% in the 4th quarter. Twin Capital Management Inc. now owns 25,896 shares of the business services provider's stock valued at $1,495,000 after acquiring an additional 439 shares during the period. Bank of Nova Scotia increased its position in ManpowerGroup by 8.8% in the 4th quarter. Bank of Nova Scotia now owns 5,676 shares of the business services provider's stock valued at $328,000 after acquiring an additional 458 shares during the period. Synovus Financial Corp increased its position in ManpowerGroup by 6.4% in the 4th quarter. Synovus Financial Corp now owns 8,428 shares of the business services provider's stock valued at $486,000 after acquiring an additional 506 shares during the period. Finally, KBC Group NV increased its position in shares of ManpowerGroup by 1.0% during the fourth quarter. KBC Group NV now owns 54,109 shares of the business services provider's stock worth $3,123,000 after buying an additional 536 shares during the period. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Stock Performance

Shares of NYSE MAN traded down $0.13 during mid-day trading on Wednesday, hitting $42.73. The company had a trading volume of 340,527 shares, compared to its average volume of 850,438. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 14.29 and a beta of 1.28. ManpowerGroup Inc. has a 1 year low of $39.22 and a 1 year high of $78.87. The stock's 50-day moving average price is $54.94 and its 200-day moving average price is $59.16. 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 (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The business had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the business posted $0.94 EPS. On average, sell-side analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MAN shares. UBS Group decreased their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Truist Financial dropped their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday. BMO Capital Markets reduced their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday. Finally, Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, ManpowerGroup has an average rating of "Hold" and a consensus target price of $57.50.

ManpowerGroup 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.