ManpowerGroup Inc. (NYSE:MAN) Stake Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,513 shares of the business services provider’s stock after buying an additional 767 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ManpowerGroup were worth $835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Group AG grew its holdings in shares of ManpowerGroup by 88.3% during the third quarter. UBS Group AG now owns 52,185 shares of the business services provider’s stock valued at $3,826,000 after buying an additional 24,466 shares in the last quarter. ING Groep NV purchased a new position in ManpowerGroup during the 3rd quarter valued at about $1,019,000. Teachers Retirement System of The State of Kentucky grew its stake in ManpowerGroup by 91.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 17,437 shares of the business services provider’s stock valued at $1,278,000 after acquiring an additional 8,318 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at about $1,603,000. Finally, Quantbot Technologies LP lifted its position in shares of ManpowerGroup by 376.8% in the third quarter. Quantbot Technologies LP now owns 23,688 shares of the business services provider’s stock worth $1,737,000 after purchasing an additional 18,720 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Trading Up 0.4 %

NYSE:MAN opened at $76.16 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $73.79 and its 200-day moving average is $74.49. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 78.52, a P/E/G ratio of 1.59 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 announced its earnings results 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. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm posted $1.61 EPS. The business’s quarterly revenue was down 7.3% on a year-over-year basis. Equities analysts anticipate that ManpowerGroup Inc. will post 4.99 EPS for the current year.

Analyst Upgrades and Downgrades

MAN has been the subject of a number of research reports. BNP Paribas reissued an “underperform” rating and set a $70.00 target price on shares of ManpowerGroup in a research note on Friday, January 5th. Truist Financial boosted their target price on ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. William Blair began coverage on ManpowerGroup in a research note on Monday, January 8th. They set a “market perform” rating for the company. BMO Capital Markets boosted their price target on ManpowerGroup from $81.00 to $84.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. Finally, StockNews.com lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.