ManpowerGroup Inc. (NYSE:MAN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,193 shares of the business services provider’s stock after selling 2,629 shares during the period. New York State Teachers Retirement System owned about 0.13% of ManpowerGroup worth $4,863,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MAN. Camelot Portfolios LLC bought a new stake in shares of ManpowerGroup in the fourth quarter worth $236,000. Venturi Wealth Management LLC increased its stake in shares of ManpowerGroup by 54.8% in the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after buying an additional 160 shares during the last quarter. Uncommon Cents Investing LLC increased its stake in shares of ManpowerGroup by 21.8% in the fourth quarter. Uncommon Cents Investing LLC now owns 19,495 shares of the business services provider’s stock worth $1,549,000 after buying an additional 3,490 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of ManpowerGroup by 75.0% in the fourth quarter. Pacer Advisors Inc. now owns 7,334 shares of the business services provider’s stock worth $583,000 after buying an additional 3,144 shares during the last quarter. Finally, Raymond James & Associates increased its stake in ManpowerGroup by 5.2% during the fourth quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 173 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAN has been the subject of several recent research reports. StockNews.com lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. William Blair initiated coverage on shares of ManpowerGroup in a research report on Monday, January 8th. They set a “market perform” rating for the company. Truist Financial upped their price target on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Finally, BNP Paribas restated an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $83.00.

ManpowerGroup Price Performance

Shares of MAN opened at $71.13 on Friday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 42.59, a P/E/G ratio of 0.61 and a beta of 1.54. ManpowerGroup Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $88.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. The business’s 50-day moving average is $73.43 and its 200-day moving average is $74.41.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Tuesday, January 30th. The business services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.26. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. The firm’s revenue was down 3.7% on a year-over-year basis. Equities research analysts expect that ManpowerGroup Inc. will post 5.05 EPS 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.