Semanteon Capital Management LP Buys New Position in ManpowerGroup Inc. (NYSE:MAN)

Semanteon Capital Management LP bought a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,048 shares of the business services provider's stock, valued at approximately $349,000.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in ManpowerGroup by 12,496.6% in the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider's stock valued at $66,281,000 after acquiring an additional 894,379 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of ManpowerGroup in the 4th quarter valued at about $34,200,000. Point72 Asset Management L.P. boosted its stake in shares of ManpowerGroup by 480.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider's stock valued at $23,884,000 after purchasing an additional 268,866 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 buying an additional 191,901 shares during the period. Finally, KLCM Advisors Inc. raised its stake in shares of ManpowerGroup by 153.9% during the fourth quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider's stock worth $17,119,000 after buying an additional 179,788 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several analysts have commented on the stock. 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 report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, January 31st. UBS Group lowered their price target on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Barclays reduced their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $69.33.

ManpowerGroup Stock Up 1.3 %

MAN stock traded up $0.74 during mid-day trading on Wednesday, hitting $58.56. 472,998 shares of the company were exchanged, compared to its average volume of 539,202. 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 1-year low of $53.31 and a 1-year high of $78.87. The firm's 50 day simple moving average is $58.28 and its 200 day simple moving average is $62.22. The firm has a market cap of $2.74 billion, a P/E ratio of 19.58 and a beta of 1.43.

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.