Versor Investments LP Grows Holdings in ManpowerGroup Inc. (NYSE:MAN)

Versor Investments LP lifted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 93.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,838 shares of the business services provider's stock after purchasing an additional 8,117 shares during the period. Versor Investments LP's holdings in ManpowerGroup were worth $972,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Pacer Advisors Inc. increased its position in ManpowerGroup by 12,496.6% during the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider's stock worth $66,281,000 after buying an additional 894,379 shares in the last quarter. Geode Capital Management LLC increased its position in ManpowerGroup by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider's stock worth $58,444,000 after purchasing an additional 4,113 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in ManpowerGroup by 34.5% in the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock valued at $43,189,000 after purchasing an additional 191,901 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of ManpowerGroup during the 4th quarter worth about $34,200,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of ManpowerGroup by 6.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider's stock worth $40,414,000 after buying an additional 32,083 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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ManpowerGroup Trading Down 0.1 %

NYSE MAN traded down $0.06 during mid-day trading on Monday, hitting $57.57. The company's stock had a trading volume of 1,131,422 shares, compared to its average volume of 750,768. The stock's fifty day simple moving average is $57.35 and its two-hundred day simple moving average is $63.73. ManpowerGroup Inc. has a 52-week low of $53.31 and a 52-week high of $78.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $2.69 billion, a P/E ratio of 19.25 and a beta of 1.45.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group lowered their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Barclays lowered their price objective on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Truist Financial restated a "hold" rating and issued a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.