Innealta Capital LLC Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Innealta Capital LLC purchased a new stake in ManpowerGroup Inc. (NYSE:MAN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 711 shares of the business services provider’s stock, valued at approximately $50,000.

A number of other institutional investors also recently modified their holdings of MAN. Vanguard Group Inc. grew its holdings in shares of ManpowerGroup by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock worth $549,314,000 after buying an additional 17,691 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of ManpowerGroup by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 3,759,889 shares of the business services provider’s stock worth $298,798,000 after acquiring an additional 137,668 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of ManpowerGroup by 10.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,066,520 shares of the business services provider’s stock valued at $164,227,000 after purchasing an additional 193,444 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of ManpowerGroup by 10.7% in the fourth quarter. Schroder Investment Management Group now owns 1,425,180 shares of the business services provider’s stock worth $113,259,000 after purchasing an additional 137,441 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of ManpowerGroup by 1.6% in the fourth quarter. Wellington Management Group LLP now owns 1,096,658 shares of the business services provider’s stock worth $87,151,000 after purchasing an additional 17,481 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Performance

Shares of MAN opened at $73.95 on Friday. The company has a market cap of $3.53 billion, a PE ratio of 76.24, a price-to-earnings-growth ratio of 1.91 and a beta of 1.47. The firm has a 50-day moving average of $71.51 and a 200-day moving average of $73.08. ManpowerGroup Inc. has a one year low of $66.03 and a one year high of $80.57. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.17.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. ManpowerGroup’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the company posted $1.58 earnings per share. As a group, equities analysts forecast that ManpowerGroup Inc. will post 4.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAN has been the subject of a number of analyst reports. BNP Paribas raised shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 target price for the company in a research report on Tuesday, June 11th. JPMorgan Chase & Co. lowered their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Finally, BMO Capital Markets upped their target price on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, ManpowerGroup has an average rating of “Hold” and an average price target of $82.40.

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.