Systematic Financial Management LP lowered its holdings in ManpowerGroup Inc. (NYSE:MAN) by 10.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,346 shares of the business services provider’s stock after selling 1,400 shares during the quarter. Systematic Financial Management LP’s holdings in ManpowerGroup were worth $1,557,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of MAN. Schroder Investment Management Group bought a new stake in shares of ManpowerGroup in the fourth quarter valued at approximately $113,000. National Pension Service bought a new stake in shares of ManpowerGroup in the fourth quarter valued at approximately $165,000. Tower Research Capital LLC TRC raised its position in shares of ManpowerGroup by 678.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 1,180 shares during the period. Calamos Advisors LLC bought a new stake in shares of ManpowerGroup in the third quarter valued at approximately $203,000. Finally, Bank of Hawaii bought a new stake in shares of ManpowerGroup in the third quarter valued at approximately $207,000. 94.91% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Monday, February 5th. BMO Capital Markets lowered their price target on shares of ManpowerGroup to $136.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. ValuEngine lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a report on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $124.50.
Shares of ManpowerGroup Inc. (MAN) opened at $122.58 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.28. The firm has a market cap of $8,110.07, a P/E ratio of 17.34 and a beta of 1.29. ManpowerGroup Inc. has a twelve month low of $95.88 and a twelve month high of $136.93.
ManpowerGroup (NYSE:MAN) last posted its earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.54 billion. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. ManpowerGroup’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.87 EPS. analysts forecast that ManpowerGroup Inc. will post 8.96 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3223927/systematic-financial-management-lp-lowers-stake-in-manpowergroup-inc-man.html.
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
Want to see what other hedge funds are holding MAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ManpowerGroup Inc. (NYSE:MAN).
Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.