Brant Point Investment Management LLC increased its holdings in ManpowerGroup (NYSE:MAN) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 56,200 shares of the business services provider’s stock after acquiring an additional 500 shares during the period. Brant Point Investment Management LLC owned approximately 0.08% of ManpowerGroup worth $6,275,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Teachers Advisors LLC grew its position in ManpowerGroup by 4.1% in the first quarter. Teachers Advisors LLC now owns 222,883 shares of the business services provider’s stock worth $22,861,000 after acquiring an additional 8,833 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in ManpowerGroup during the second quarter worth $1,374,000. Ray Gerald L & Associates Ltd. lifted its stake in ManpowerGroup by 1.9% during the second quarter. Ray Gerald L & Associates Ltd. now owns 16,200 shares of the business services provider’s stock worth $1,809,000 after purchasing an additional 300 shares in the last quarter. Burney Co. lifted its stake in ManpowerGroup by 10.9% during the second quarter. Burney Co. now owns 33,648 shares of the business services provider’s stock worth $3,714,000 after purchasing an additional 3,318 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in ManpowerGroup by 10.9% during the second quarter. Pacer Advisors Inc. now owns 11,130 shares of the business services provider’s stock worth $1,243,000 after purchasing an additional 1,097 shares in the last quarter. Institutional investors own 93.71% of the company’s stock.
A number of research firms have commented on MAN. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research cut ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. Royal Bank Of Canada restated a “sector perform” rating and set a $111.00 price target (up from $104.00) on shares of ManpowerGroup in a research note on Friday, July 14th. Finally, Credit Suisse Group restated a “neutral” rating and set a $111.00 price target (up from $106.00) on shares of ManpowerGroup in a research note on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. ManpowerGroup has an average rating of “Hold” and a consensus target price of $109.60.
In other ManpowerGroup news, EVP Mara E. Swan sold 2,393 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $109.18, for a total value of $261,267.74. Following the transaction, the executive vice president now owns 27,078 shares in the company, valued at approximately $2,956,376.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Darryl Green sold 76,000 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the completion of the transaction, the chief operating officer now owns 36,454 shares in the company, valued at approximately $3,857,926.82. The disclosure for this sale can be found here. Insiders sold a total of 122,858 shares of company stock worth $13,029,300 in the last quarter. 0.87% of the stock is currently owned by company insiders.
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ManpowerGroup (NYSE:MAN) traded up 0.14% during mid-day trading on Wednesday, reaching $116.61. The company’s stock had a trading volume of 165,789 shares. The stock’s 50 day moving average price is $109.94 and its 200 day moving average price is $106.06. The stock has a market capitalization of $7.78 billion, a P/E ratio of 17.84 and a beta of 1.38. ManpowerGroup has a 1-year low of $68.03 and a 1-year high of $119.59.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts expect that ManpowerGroup will post $6.75 EPS for the current fiscal year.
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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