Mackenzie Financial Corp Buys 6,656 Shares of ManpowerGroup Inc. (NYSE:MAN)

Mackenzie Financial Corp grew its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 24.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,367 shares of the business services provider’s stock after acquiring an additional 6,656 shares during the period. Mackenzie Financial Corp owned about 0.07% of ManpowerGroup worth $2,731,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Lecap Asset Management Ltd. bought a new stake in ManpowerGroup during the 4th quarter valued at $326,000. Louisiana State Employees Retirement System bought a new stake in shares of ManpowerGroup in the fourth quarter valued at about $1,089,000. Custom Index Systems LLC purchased a new stake in ManpowerGroup in the fourth quarter worth about $319,000. Allspring Global Investments Holdings LLC grew its holdings in ManpowerGroup by 42.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 133,937 shares of the business services provider’s stock worth $10,644,000 after acquiring an additional 40,221 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in ManpowerGroup by 128.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,339 shares of the business services provider’s stock valued at $424,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

MAN has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group cut their price target on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. Truist Financial upped their price objective on ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. BMO Capital Markets lifted their target price on ManpowerGroup from $81.00 to $84.00 and gave the company a “market perform” rating in a research note on Monday. Finally, BNP Paribas reiterated an “underperform” rating and issued a $70.00 target price on shares of ManpowerGroup in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.00.

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $75.65 on Tuesday. ManpowerGroup Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $88.91. The company has a market cap of $3.66 billion, a PE ratio of 77.99, a P/E/G ratio of 0.64 and a beta of 1.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.17. The business has a 50-day simple moving average of $73.36 and a two-hundred day simple moving average of $74.41.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 earnings per share. As a group, equities analysts expect that ManpowerGroup Inc. will post 4.99 EPS 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.