Sei Investments Co. Decreases Stake in ManpowerGroup Inc. (NYSE:MAN)

Sei Investments Co. reduced its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 56.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,131 shares of the business services provider's stock after selling 36,392 shares during the quarter. Sei Investments Co. owned about 0.06% of ManpowerGroup worth $1,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAN. American Century Companies Inc. grew its holdings in shares of ManpowerGroup by 104.4% during the fourth quarter. American Century Companies Inc. now owns 38,055 shares of the business services provider's stock worth $2,197,000 after purchasing an additional 19,434 shares during the last quarter. Quantbot Technologies LP grew its stake in ManpowerGroup by 772.6% during the 4th quarter. Quantbot Technologies LP now owns 93,995 shares of the business services provider's stock worth $5,425,000 after buying an additional 83,223 shares during the last quarter. Sciencast Management LP purchased a new position in ManpowerGroup during the 4th quarter worth approximately $237,000. Semanteon Capital Management LP acquired a new position in ManpowerGroup during the fourth quarter worth approximately $349,000. Finally, Magnetar Financial LLC purchased a new stake in ManpowerGroup in the fourth quarter valued at approximately $888,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Stock Performance

ManpowerGroup stock traded up $0.27 during trading hours on Friday, reaching $51.02. 698,058 shares of the stock were exchanged, compared to its average volume of 581,886. The stock has a market cap of $2.38 billion, a P/E ratio of 17.06 and a beta of 1.28. The firm's 50 day moving average is $56.55 and its 200 day moving average is $60.49. 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 $47.29 and a 52-week high of $78.87.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $55.00 to $50.00 in a research note on Thursday. Truist Financial reiterated a "hold" rating and set a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Finally, UBS Group dropped their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, ManpowerGroup presently has a consensus rating of "Hold" and a consensus price target of $67.50.

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.