Louisiana State Employees Retirement System Acquires Shares of 13,700 ManpowerGroup Inc. (NYSE:MAN)

Louisiana State Employees Retirement System bought a new stake in ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,700 shares of the business services provider’s stock, valued at approximately $1,089,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of ManpowerGroup by 11.5% in the 3rd quarter. Victory Capital Management Inc. now owns 3,622,221 shares of the business services provider’s stock worth $265,581,000 after acquiring an additional 373,473 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of ManpowerGroup in the 3rd quarter worth approximately $94,417,000. Invesco Ltd. lifted its holdings in shares of ManpowerGroup by 22.5% in the 3rd quarter. Invesco Ltd. now owns 1,283,262 shares of the business services provider’s stock worth $94,089,000 after acquiring an additional 235,578 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of ManpowerGroup by 9.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,079,177 shares of the business services provider’s stock worth $79,125,000 after acquiring an additional 92,090 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ManpowerGroup by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 556,715 shares of the business services provider’s stock worth $40,818,000 after acquiring an additional 5,099 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Stock Up 1.0 %

ManpowerGroup stock opened at $76.44 on Wednesday. ManpowerGroup Inc. has a 1-year low of $67.35 and a 1-year high of $88.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.16. The stock has a market cap of $3.70 billion, a PE ratio of 78.80, a P/E/G ratio of 0.64 and a beta of 1.54. The stock’s fifty day moving average is $73.36 and its two-hundred day moving average is $74.41.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the firm earned $1.61 earnings per share. ManpowerGroup’s quarterly revenue was down 7.3% on a year-over-year basis. On average, sell-side analysts expect that ManpowerGroup Inc. will post 4.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MAN. Truist Financial upped their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. UBS Group decreased their price target on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. William Blair assumed coverage on shares of ManpowerGroup in a research note on Monday, January 8th. They issued a “market perform” rating for the company. StockNews.com cut ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. lifted their target price on ManpowerGroup from $82.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.00.

About ManpowerGroup

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.