Quarry LP Makes New $150,000 Investment in ManpowerGroup Inc. (NYSE:MAN)

Quarry LP bought a new position in ManpowerGroup Inc. (NYSE:MAN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,149 shares of the business services provider’s stock, valued at approximately $150,000.

Other large investors also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC grew its position in ManpowerGroup by 62.4% in the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in ManpowerGroup in the first quarter worth approximately $47,000. Headlands Technologies LLC bought a new stake in ManpowerGroup in the second quarter worth approximately $47,000. Advisors Asset Management Inc. bought a new stake in ManpowerGroup in the first quarter worth approximately $49,000. Finally, Innealta Capital LLC bought a new stake in ManpowerGroup in the second quarter worth approximately $50,000. 98.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

ManpowerGroup Price Performance

NYSE:MAN opened at $73.52 on Tuesday. The stock has a market cap of $3.51 billion, a P/E ratio of 75.79 and a beta of 1.45. ManpowerGroup Inc. has a one year low of $66.03 and a one year high of $80.25. The company has a fifty day moving average price of $72.32 and a 200 day moving average price of $73.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.27 by $0.03. The firm had revenue of $4.52 billion during 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 business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 EPS. Analysts anticipate that ManpowerGroup Inc. will post 4.87 earnings per share for the current year.

ManpowerGroup Profile

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.