Retirement Systems of Alabama trimmed its position in ManpowerGroup Inc. (NYSE:MAN) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 145,575 shares of the business services provider’s stock after selling 10,255 shares during the quarter. Retirement Systems of Alabama owned approximately 0.22% of ManpowerGroup worth $18,358,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. New Mexico Educational Retirement Board bought a new stake in shares of ManpowerGroup in the 4th quarter valued at about $2,081,000. Capital One National Association bought a new stake in shares of ManpowerGroup in the 4th quarter valued at about $1,300,000. Candriam Luxembourg S.C.A. raised its holdings in shares of ManpowerGroup by 14.2% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 13,836 shares of the business services provider’s stock valued at $1,745,000 after purchasing an additional 1,721 shares during the period. Wealthstreet Investment Advisors LLC bought a new stake in shares of ManpowerGroup in the 4th quarter valued at about $2,043,000. Finally, California Public Employees Retirement System raised its holdings in shares of ManpowerGroup by 3.0% in the 4th quarter. California Public Employees Retirement System now owns 244,671 shares of the business services provider’s stock valued at $30,855,000 after purchasing an additional 7,103 shares during the period. 95.36% of the stock is currently owned by institutional investors.
In other ManpowerGroup news, EVP Mara E. Swan sold 7,127 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $118.84, for a total transaction of $846,972.68. Following the transaction, the executive vice president now owns 27,986 shares in the company, valued at approximately $3,325,856.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patricia Hemingway Hall sold 3,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $127.54, for a total transaction of $382,620.00. Following the transaction, the director now owns 4,021 shares in the company, valued at approximately $512,838.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,127 shares of company stock worth $2,499,593. Company insiders own 0.87% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Thursday, January 11th. ValuEngine cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks reaffirmed a “hold” rating and issued a $107.00 target price on shares of ManpowerGroup in a report on Friday, October 20th. Argus upped their target price on shares of ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Nomura increased their price target on shares of ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. ManpowerGroup has a consensus rating of “Hold” and a consensus target price of $124.50.
ManpowerGroup Inc. (MAN) opened at $122.87 on Friday. ManpowerGroup Inc. has a 52-week low of $95.31 and a 52-week high of $136.93. The stock has a market cap of $8,149.04, a P/E ratio of 17.39 and a beta of 1.29. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.07. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the prior year, the business posted $1.87 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. sell-side analysts expect that ManpowerGroup Inc. will post 8.96 earnings per share for the current year.
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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