Nisa Investment Advisors LLC Grows Position in ManpowerGroup Inc. (NYSE:MAN)

Nisa Investment Advisors LLC grew its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 128.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,339 shares of the business services provider’s stock after purchasing an additional 3,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ManpowerGroup were worth $424,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC boosted its stake in shares of ManpowerGroup by 345.1% during the third quarter. CWM LLC now owns 365 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 283 shares during the period. Venturi Wealth Management LLC lifted its stake in 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 acquiring an additional 160 shares during the period. Comerica Bank purchased a new stake in ManpowerGroup in the second quarter worth $470,000. Captrust Financial Advisors lifted its stake in 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 acquiring an additional 361 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in 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 acquiring an additional 162 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

MAN opened at $70.07 on Thursday. The stock has a fifty day simple moving average of $73.26 and a two-hundred day simple moving average of $74.35. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. ManpowerGroup Inc. has a 12-month low of $67.35 and a 12-month high of $88.91.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results 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 return on equity of 12.60% and a net margin of 0.47%. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the company earned $2.08 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. Research analysts predict that ManpowerGroup Inc. will post 5.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.