VestGen Advisors LLC purchased a new position in ManpowerGroup Inc. (NYSE:MAN – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 190,313 shares of the business services provider’s stock, valued at approximately $10,578,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in ManpowerGroup during the second quarter valued at $30,000. Signaturefd LLC raised its stake in shares of ManpowerGroup by 31.1% in the third quarter. Signaturefd LLC now owns 1,125 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 267 shares during the period. Elevation Wealth Partners LLC lifted its holdings in shares of ManpowerGroup by 2,007.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider’s stock worth $38,000 after acquiring an additional 1,084 shares during the last quarter. SJS Investment Consulting Inc. bought a new stake in shares of ManpowerGroup in the 1st quarter worth about $57,000. Finally, Allworth Financial LP bought a new stake in shares of ManpowerGroup in the 2nd quarter worth about $88,000. 98.03% of the stock is owned by hedge funds and other institutional investors.
ManpowerGroup Stock Up 0.1%
NYSE:MAN opened at $45.80 on Thursday. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.89 and a beta of 0.68. ManpowerGroup Inc. has a twelve month low of $25.15 and a twelve month high of $63.88. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $54.98 and a 200-day simple moving average of $39.71.
ManpowerGroup (NYSE:MAN – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The business services provider reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.86 billion. ManpowerGroup had a net margin of 0.64% and a return on equity of 7.78%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. Analysts anticipate that ManpowerGroup Inc. will post 3.60 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Barclays upped their price target on shares of ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. The Goldman Sachs Group decreased their price objective on shares of ManpowerGroup from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. Zacks Research lowered ManpowerGroup from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Truist Financial upped their target price on ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. reduced their price target on ManpowerGroup from $59.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 16th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.25.
ManpowerGroup Company Profile
ManpowerGroup Inc is a global workforce solutions and employment services company headquartered in Milwaukee, Wisconsin. Through its brands, the company provides temporary and permanent staffing, recruitment, workforce management, talent development, and career transition services to businesses and job seekers.
Its principal brands include Manpower, which specializes in staffing and workforce services; Experis, which focuses on information technology and professional talent; and Talent Solutions, which provides recruitment process outsourcing, talent consulting, leadership development, and outplacement services.
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