Xponance Inc. Sells 1,984 Shares of ManpowerGroup Inc. (NYSE:MAN)

Xponance Inc. decreased its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 23.0% during the 2nd quarter, Holdings Channel reports. The firm owned 6,636 shares of the business services provider’s stock after selling 1,984 shares during the quarter. Xponance Inc.’s holdings in ManpowerGroup were worth $463,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MAN. Abich Financial Wealth Management LLC boosted its holdings in shares of ManpowerGroup by 62.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after buying an additional 224 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of ManpowerGroup during the 1st quarter valued at $47,000. Advisors Asset Management Inc. acquired a new position in shares of ManpowerGroup during the 1st quarter valued at $49,000. Headlands Technologies LLC acquired a new stake in ManpowerGroup in the second quarter worth $47,000. Finally, Innealta Capital LLC acquired a new stake in ManpowerGroup in the second quarter worth $50,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Trading Up 0.3 %

MAN opened at $73.52 on Tuesday. ManpowerGroup Inc. has a fifty-two week low of $66.03 and a fifty-two week high of $80.25. The firm has a market capitalization of $3.51 billion, a PE ratio of 75.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50-day moving average is $72.32 and its 200 day moving average is $73.04.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.27 by $0.03. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 earnings per share. As a group, research analysts predict that ManpowerGroup Inc. will post 4.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MAN has been the topic of several research reports. 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 report on Friday, July 19th. BNP Paribas raised ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price target on the stock in a research note on Tuesday, June 11th. Finally, JPMorgan Chase & Co. reduced their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $82.40.

ManpowerGroup Company 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.