596,988 ManpowerGroup Inc. $MAN Shares Sold by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC lowered its stake in ManpowerGroup Inc. (NYSE:MAN) by 87.2% in the third quarter, Holdings Channel reports. The fund owned 87,975 shares of the business services provider’s stock after selling 596,988 shares during the quarter. Crescent Grove Advisors LLC’s holdings in ManpowerGroup were worth $4,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of ManpowerGroup during the second quarter worth about $265,921,000. Quantinno Capital Management LP increased its position in ManpowerGroup by 235.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock valued at $52,850,000 after buying an additional 1,259,752 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of ManpowerGroup in the 2nd quarter worth $33,702,000. Wellington Management Group LLP purchased a new position in shares of ManpowerGroup during the second quarter valued at approximately $25,709,000. Finally, RBF Capital LLC lifted its position in shares of ManpowerGroup by 1.0% during the first quarter. RBF Capital LLC now owns 475,017 shares of the business services provider’s stock valued at $13,994,000 after purchasing an additional 4,934 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MAN. Wall Street Zen raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Sunday. Robert W. Baird cut their price objective on ManpowerGroup from $72.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Weiss Ratings upgraded ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. BMO Capital Markets reduced their price objective on ManpowerGroup from $63.00 to $58.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group dropped their price objective on ManpowerGroup from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.25.

ManpowerGroup Stock Performance

ManpowerGroup stock opened at $44.62 on Thursday. ManpowerGroup Inc. has a twelve month low of $25.15 and a twelve month high of $63.88. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average is $56.24 and its 200 day moving average is $43.56. The company has a market capitalization of $2.08 billion, a P/E ratio of 17.64, a PEG ratio of 1.71 and a beta of 0.68.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, October 15th. The business services provider reported $1.01 EPS for the quarter, meeting 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 quarter in the prior year, the company posted $0.83 earnings per share. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. On average, equities research analysts predict that ManpowerGroup Inc. will post 3.60 earnings per share for the current fiscal year.

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.