AlphaCrest Capital Management LLC Sells 5,626 Shares of ManpowerGroup Inc. (NYSE:MAN)

AlphaCrest Capital Management LLC trimmed its stake in shares of ManpowerGroup Inc. (NYSE:MANGet Rating) by 39.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,766 shares of the business services provider’s stock after selling 5,626 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in ManpowerGroup were worth $567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. California Public Employees Retirement System lifted its stake in shares of ManpowerGroup by 17.1% in the 3rd quarter. California Public Employees Retirement System now owns 126,752 shares of the business services provider’s stock valued at $8,200,000 after acquiring an additional 18,534 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of ManpowerGroup during the third quarter valued at about $210,000. M&G Investment Management Ltd. grew its holdings in shares of ManpowerGroup by 8.6% during the third quarter. M&G Investment Management Ltd. now owns 55,893 shares of the business services provider’s stock worth $3,633,000 after purchasing an additional 4,434 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of ManpowerGroup in the second quarter valued at approximately $1,890,000. Finally, Janney Montgomery Scott LLC raised its holdings in ManpowerGroup by 16.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 4,243 shares of the business services provider’s stock valued at $274,000 after buying an additional 612 shares during the last quarter. Institutional investors own 97.27% of the company’s stock.

ManpowerGroup Stock Down 0.4 %

Shares of NYSE MAN opened at $83.97 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The firm has a market cap of $4.25 billion, a PE ratio of 11.91, a P/E/G ratio of 1.94 and a beta of 1.67. The company’s fifty day simple moving average is $86.92 and its 200 day simple moving average is $80.77. ManpowerGroup Inc. has a 12-month low of $64.00 and a 12-month high of $101.53.

ManpowerGroup (NYSE:MANGet Rating) last announced its quarterly earnings data on Tuesday, January 31st. The business services provider reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.06). The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.75 billion. ManpowerGroup had a net margin of 1.89% and a return on equity of 18.19%. ManpowerGroup’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 EPS. As a group, sell-side analysts forecast that ManpowerGroup Inc. will post 6.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MAN shares. Truist Financial upped their price target on shares of ManpowerGroup from $80.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. BNP Paribas began coverage on ManpowerGroup in a research report on Thursday, January 5th. They set an “outperform” rating and a $95.00 target price for the company. TheStreet upgraded ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Monday, November 21st. The Goldman Sachs Group lifted their price objective on ManpowerGroup from $64.00 to $73.00 and gave the stock a “sell” rating in a research note on Monday, December 5th. Finally, Robert W. Baird increased their target price on shares of ManpowerGroup from $94.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $82.22.

Insider Buying and Selling at ManpowerGroup

In related news, Director Ulice Payne, Jr. sold 780 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $89.09, for a total value of $69,490.20. Following the transaction, the director now directly owns 9,720 shares in the company, valued at approximately $865,954.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Ulice Payne, Jr. sold 780 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $89.09, for a total value of $69,490.20. Following the transaction, the director now owns 9,720 shares of the company’s stock, valued at approximately $865,954.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Donald O. Mondano sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $85.50, for a total value of $213,750.00. Following the sale, the senior vice president now directly owns 5,440 shares of the company’s stock, valued at $465,120. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

ManpowerGroup Profile

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ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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