Nisa Investment Advisors LLC Acquires 24,509 Shares of ManpowerGroup Inc. $MAN

Nisa Investment Advisors LLC increased its stake in ManpowerGroup Inc. (NYSE:MAN) by 18,290.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,643 shares of the business services provider’s stock after purchasing an additional 24,509 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.05% of ManpowerGroup worth $733,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MAN. AQR Capital Management LLC increased its position in ManpowerGroup by 60.3% in the third quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock worth $140,394,000 after buying an additional 1,393,622 shares in the last quarter. Alberta Investment Management Corp increased its holdings in ManpowerGroup by 772.9% in the 3rd quarter. Alberta Investment Management Corp now owns 1,059,100 shares of the business services provider’s stock worth $40,140,000 after acquiring an additional 937,771 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in ManpowerGroup by 696.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 991,063 shares of the business services provider’s stock worth $40,039,000 after acquiring an additional 866,693 shares in the last quarter. Millennium Management LLC raised its stake in ManpowerGroup by 200.3% during the 3rd quarter. Millennium Management LLC now owns 860,801 shares of the business services provider’s stock worth $32,624,000 after acquiring an additional 574,110 shares during the period. Finally, First Trust Advisors LP lifted its holdings in ManpowerGroup by 101.0% during the third quarter. First Trust Advisors LP now owns 494,309 shares of the business services provider’s stock valued at $18,734,000 after purchasing an additional 248,354 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MAN shares. Argus raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, February 3rd. UBS Group set a $35.00 target price on shares of ManpowerGroup in a report on Friday, January 30th. BMO Capital Markets upgraded ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Thursday, December 18th. Wall Street Zen lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Barclays cut their target price on ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and an average price target of $40.25.

ManpowerGroup Trading Down 0.1%

MAN stock opened at $29.33 on Friday. The firm has a fifty day moving average price of $29.43 and a 200 day moving average price of $30.94. ManpowerGroup Inc. has a fifty-two week low of $25.15 and a fifty-two week high of $57.49. The firm has a market cap of $1.36 billion, a PE ratio of -97.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. The business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter last year, the business earned $1.02 earnings per share. ManpowerGroup’s quarterly revenue was up 6.8% compared to the same quarter last year. Sell-side analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.