Teacher Retirement System of Texas Has $6.86 Million Stake in ManpowerGroup Inc. (NYSE:MAN)

Teacher Retirement System of Texas grew its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 118,854 shares of the business services provider's stock after buying an additional 21,055 shares during the quarter. Teacher Retirement System of Texas owned 0.25% of ManpowerGroup worth $6,860,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. WFA Asset Management Corp acquired a new stake in ManpowerGroup during the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. lifted its position in shares of ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after buying an additional 562 shares during the period. Blue Trust Inc. boosted its stake in ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after buying an additional 778 shares in the last quarter. R Squared Ltd acquired a new position in ManpowerGroup during the fourth quarter worth $95,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of ManpowerGroup by 34.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock valued at $133,000 after acquiring an additional 587 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Trading Up 1.4 %

MAN stock traded up $0.80 during midday trading on Thursday, reaching $59.38. The company's stock had a trading volume of 526,598 shares, compared to its average volume of 539,740. The business's 50-day simple moving average is $58.27 and its 200-day simple moving average is $62.19. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 52 week low of $53.31 and a 52 week high of $78.87. The stock has a market cap of $2.78 billion, a PE ratio of 19.86 and a beta of 1.43.

Remove Ads

Analyst Ratings Changes

Several analysts have weighed in on MAN shares. Barclays decreased 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. Truist Financial reaffirmed a "hold" rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. UBS Group reduced their price objective on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their target price on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $69.33.

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.