Renaissance Technologies LLC Sells 41,000 Shares of ManpowerGroup Inc. (NYSE:MAN)

Renaissance Technologies LLC lowered its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 36.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,352 shares of the business services provider's stock after selling 41,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.15% of ManpowerGroup worth $4,176,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Merit Financial Group LLC bought a new position in shares of ManpowerGroup in the 4th quarter valued at about $241,000. Sanctuary Advisors LLC lifted its holdings in ManpowerGroup by 39.8% in the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider's stock valued at $570,000 after buying an additional 2,208 shares during the period. AlphaQuest LLC boosted its stake in ManpowerGroup by 4,364.3% in the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider's stock valued at $1,616,000 after acquiring an additional 27,364 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in ManpowerGroup by 34.5% during the 4th 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 during the period. Finally, JPMorgan Chase & Co. raised its position in shares of ManpowerGroup by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 162,534 shares of the business services provider's stock valued at $11,950,000 after acquiring an additional 1,999 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

Analysts Set New Price Targets

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

ManpowerGroup Stock Up 1.5 %

MAN traded up $0.63 on Friday, hitting $42.51. 514,972 shares of the company were exchanged, compared to its average volume of 613,572. The stock's fifty day moving average is $54.42 and its 200-day moving average is $58.84. ManpowerGroup Inc. has a 12 month low of $39.22 and a 12 month high of $78.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The company has a market cap of $1.99 billion, a PE ratio of 14.20 and a beta of 1.28.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share 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 firm had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the business posted $0.94 earnings per share. Equities research analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

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.