44,307 Shares in ManpowerGroup Inc. (NYSE:MAN) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in ManpowerGroup Inc. (NYSE:MAN) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 44,307 shares of the business services provider’s stock, valued at approximately $3,093,000. Susquehanna Fundamental Investments LLC owned about 0.09% of ManpowerGroup at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAN. Millennium Management LLC boosted its stake in shares of ManpowerGroup by 163.7% during the 2nd quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock worth $28,476,000 after acquiring an additional 253,287 shares in the last quarter. Deerfield Management Company L.P. Series C lifted its holdings in shares of ManpowerGroup by 147.1% during the second quarter. Deerfield Management Company L.P. Series C now owns 19,104 shares of the business services provider’s stock valued at $1,333,000 after purchasing an additional 11,373 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of ManpowerGroup by 55.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock valued at $112,264,000 after purchasing an additional 573,027 shares during the period. Abich Financial Wealth Management LLC increased its stake in ManpowerGroup by 34.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock worth $55,000 after purchasing an additional 203 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in ManpowerGroup during the 2nd quarter worth about $317,000. 98.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on MAN. BNP Paribas upgraded shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 target price for the company in a report on Tuesday, June 11th. JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Finally, BMO Capital Markets lifted their price objective on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $82.40.

ManpowerGroup Stock Up 0.3 %

MAN stock opened at $73.52 on Tuesday. The company has a 50 day moving average of $72.32 and a two-hundred day moving average of $73.04. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. ManpowerGroup Inc. has a 12-month low of $66.03 and a 12-month high of $80.25. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 75.79 and a beta of 1.45.

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