Systematic Financial Management LP lowered its stake in ManpowerGroup Inc. (NYSE:MAN) by 6.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,230 shares of the business services provider’s stock after selling 1,130 shares during the quarter. Systematic Financial Management LP’s holdings in ManpowerGroup were worth $1,342,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Smith Salley & Associates purchased a new position in shares of ManpowerGroup in the 1st quarter worth $370,000. Victory Capital Management Inc. raised its position in shares of ManpowerGroup by 4,521.4% in the 1st quarter. Victory Capital Management Inc. now owns 1,403,200 shares of the business services provider’s stock worth $116,031,000 after buying an additional 1,372,837 shares during the period. Stevens Capital Management LP raised its position in shares of ManpowerGroup by 93.7% in the 1st quarter. Stevens Capital Management LP now owns 25,096 shares of the business services provider’s stock worth $2,075,000 after buying an additional 12,139 shares during the period. Texas Permanent School Fund raised its position in shares of ManpowerGroup by 1.3% in the 1st quarter. Texas Permanent School Fund now owns 40,999 shares of the business services provider’s stock worth $3,390,000 after buying an additional 537 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in shares of ManpowerGroup by 11.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 7,707 shares of the business services provider’s stock worth $1,546,000 after buying an additional 771 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.
NYSE MAN traded down $0.07 during trading hours on Friday, hitting $92.24. The company had a trading volume of 2,353 shares, compared to its average volume of 566,322. ManpowerGroup Inc. has a fifty-two week low of $61.57 and a fifty-two week high of $97.26. The company has a market cap of $5.50 billion, a P/E ratio of 10.25, a P/E/G ratio of 3.80 and a beta of 1.55. The company has a current ratio of 1.43, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, April 18th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period in the prior year, the firm earned $1.72 EPS. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, sell-side analysts forecast that ManpowerGroup Inc. will post 7.77 EPS for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be issued a $1.09 dividend. This is an increase from ManpowerGroup’s previous semiannual dividend of $1.01. This represents a yield of 2.43%. The ex-dividend date is Friday, May 31st. ManpowerGroup’s dividend payout ratio is currently 22.57%.
Several research analysts recently weighed in on the company. BMO Capital Markets increased their target price on ManpowerGroup to $93.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. ValuEngine raised ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada assumed coverage on ManpowerGroup in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $114.00 target price on the stock. TheStreet raised ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Finally, Zacks Investment Research downgraded ManpowerGroup from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $97.09.
In other news, Director Ulice Payne, Jr. sold 1,750 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $85.40, for a total transaction of $149,450.00. Following the completion of the sale, the director now directly owns 8,036 shares in the company, valued at $686,274.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sriram Chandrashekar sold 14,706 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $84.90, for a total value of $1,248,539.40. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by corporate insiders.
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ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.
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