Renaissance Technologies LLC Makes New $1.18 Million Investment in ManpowerGroup Inc. $MAN

Renaissance Technologies LLC acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 40,052 shares of the business services provider’s stock, valued at approximately $1,180,000.

Several other large investors have also made changes to their positions in the business. AQR Capital Management LLC increased its stake in shares of ManpowerGroup by 60.3% in the third quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock worth $140,394,000 after acquiring an additional 1,393,622 shares during the period. Balyasny Asset Management L.P. lifted its position in ManpowerGroup by 696.9% during the second quarter. Balyasny Asset Management L.P. now owns 991,063 shares of the business services provider’s stock valued at $40,039,000 after purchasing an additional 866,693 shares during the period. Millennium Management LLC boosted its holdings in ManpowerGroup by 77.3% in the fourth quarter. Millennium Management LLC now owns 1,525,936 shares of the business services provider’s stock valued at $45,366,000 after purchasing an additional 665,135 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in ManpowerGroup in the fourth quarter valued at $14,420,000. Finally, RBF Capital LLC acquired a new stake in ManpowerGroup during the 4th quarter worth about $13,976,000. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Trading Up 4.4%

Shares of ManpowerGroup stock opened at $58.68 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.12. The stock’s 50 day simple moving average is $43.26 and its 200-day simple moving average is $34.32. The stock has a market cap of $2.73 billion, a P/E ratio of 26.67 and a beta of 0.67. ManpowerGroup Inc. has a 1-year low of $25.15 and a 1-year high of $59.10.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter last year, the firm earned ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Analysts predict that ManpowerGroup Inc. will post 3.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on MAN. Robert W. Baird lifted their price objective on ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. BMO Capital Markets raised their target price on ManpowerGroup from $49.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Barclays lifted their price target on ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Weiss Ratings raised ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a report on Tuesday. Finally, The Goldman Sachs Group upped their price objective on ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.50.

ManpowerGroup Company Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.