Headlands Technologies LLC Invests $47,000 in ManpowerGroup Inc. (NYSE:MAN)

Headlands Technologies LLC acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 671 shares of the business services provider’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MAN. Norges Bank purchased a new stake in shares of ManpowerGroup during the 4th quarter valued at $44,057,000. Pzena Investment Management LLC purchased a new stake in ManpowerGroup during the second quarter valued at about $24,508,000. Capital Research Global Investors lifted its stake in ManpowerGroup by 37.5% during the fourth quarter. Capital Research Global Investors now owns 907,545 shares of the business services provider’s stock worth $72,123,000 after purchasing an additional 247,383 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of ManpowerGroup by 4.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock worth $287,987,000 after purchasing an additional 183,527 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of ManpowerGroup by 10.7% during the 4th quarter. Schroder Investment Management Group now owns 1,425,180 shares of the business services provider’s stock valued at $113,259,000 after purchasing an additional 137,441 shares during the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Stock Up 1.7 %

Shares of NYSE MAN opened at $73.15 on Wednesday. The firm’s fifty day moving average is $71.74 and its 200 day moving average is $73.06. ManpowerGroup Inc. has a 52 week low of $66.03 and a 52 week high of $80.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 75.41, a PEG ratio of 1.78 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. The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.53 billion. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 earnings per share. On average, equities research analysts expect that ManpowerGroup Inc. will post 4.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About ManpowerGroup

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.