Oxford Asset Management LLP Invests $432,000 in ManpowerGroup Inc. (NYSE:MAN)

Oxford Asset Management LLP bought a new stake in ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, Holdings Channel reports. The firm bought 7,487 shares of the business services provider’s stock, valued at approximately $432,000.

Several other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in ManpowerGroup by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider’s stock valued at $143,942,000 after buying an additional 59,763 shares during the period. Invesco Ltd. increased its stake in shares of ManpowerGroup by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider’s stock worth $110,623,000 after acquiring an additional 77,234 shares during the period. Bank of New York Mellon Corp raised its holdings in ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock worth $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 ManpowerGroup in the fourth quarter valued at about $34,200,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in ManpowerGroup by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,917 shares of the business services provider’s stock valued at $29,144,000 after purchasing an additional 23,741 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Ratings Changes

MAN has been the subject of a number of analyst reports. BMO Capital Markets cut their target price on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. UBS Group reduced their target price on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Barclays raised shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. Truist Financial decreased their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a “hold” rating on the stock in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.50.

ManpowerGroup Stock Up 1.5 %

MAN stock opened at $42.49 on Friday. 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 company’s 50 day simple moving average is $54.17 and its 200-day simple moving average is $58.56. ManpowerGroup Inc. has a 12 month low of $39.22 and a 12 month high of $78.87. The firm has a market capitalization of $1.99 billion, a PE ratio of 14.21 and a beta of 1.28.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The company had revenue of $698.30 million for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the company posted $0.94 EPS. Equities analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

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.