Arizona State Retirement System Sells 497 Shares of ManpowerGroup Inc. (NYSE:MAN)

Arizona State Retirement System decreased its holdings in ManpowerGroup Inc. (NYSE:MAN) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,860 shares of the business services provider’s stock after selling 497 shares during the quarter. Arizona State Retirement System’s holdings in ManpowerGroup were worth $1,101,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC grew its stake in shares of ManpowerGroup by 345.1% in the third quarter. CWM LLC now owns 365 shares of the business services provider’s stock worth $27,000 after purchasing an additional 283 shares during the last quarter. Venturi Wealth Management LLC grew 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 purchasing an additional 160 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of ManpowerGroup by 19.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock worth $74,000 after purchasing an additional 162 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of ManpowerGroup by 72.6% in the first quarter. Captrust Financial Advisors now owns 858 shares of the business services provider’s stock worth $81,000 after purchasing an additional 361 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of ManpowerGroup in the third quarter worth $97,000. Institutional investors own 98.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MAN. StockNews.com cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. William Blair initiated coverage on shares of ManpowerGroup in a report on Monday, January 8th. They issued a “market perform” rating on the stock. BNP Paribas restated an “underperform” rating and issued a $70.00 target price on shares of ManpowerGroup in a report on Friday, January 5th. BMO Capital Markets dropped their target price on shares of ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, February 1st. Finally, Truist Financial boosted their target price on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $83.00.

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $70.54 on Tuesday. The firm’s 50-day moving average price is $73.38 and its 200-day moving average price is $74.41. ManpowerGroup Inc. has a 1-year low of $67.35 and a 1-year high of $88.91. The firm has a market capitalization of $3.41 billion, a P/E ratio of 42.24, a P/E/G ratio of 0.60 and a beta of 1.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44.

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

ManpowerGroup 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.