Oxford Asset Management LLP Purchases Shares of 7,487 ManpowerGroup Inc. (NYSE:MAN)

Oxford Asset Management LLP purchased a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,487 shares of the business services provider's stock, valued at approximately $432,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. bought a new stake in ManpowerGroup during the fourth quarter worth about $34,200,000. Norges Bank bought a new stake in ManpowerGroup in the 4th quarter worth approximately $27,706,000. Barclays PLC boosted its stake in ManpowerGroup by 194.3% in the fourth quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock worth $26,308,000 after buying an additional 300,917 shares in the last quarter. Prudential Financial Inc. grew its position in ManpowerGroup by 111.7% during the fourth quarter. Prudential Financial Inc. now owns 364,515 shares of the business services provider's stock valued at $21,040,000 after acquiring an additional 192,345 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock worth $43,189,000 after acquiring an additional 191,901 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MAN shares. JPMorgan Chase & Co. decreased their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. UBS Group dropped their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. BMO Capital Markets reduced their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, Truist Financial reduced their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, ManpowerGroup presently has a consensus rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Stock Up 1.5 %

Shares of NYSE MAN opened at $42.49 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. ManpowerGroup Inc. has a 52-week low of $39.22 and a 52-week high of $78.87. The stock has a 50 day moving average price of $54.17 and a 200 day moving average price of $58.56. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.21 and a beta of 1.28.

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 for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The business had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the business earned $0.94 EPS. Sell-side analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

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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