Fort L.P. raised its position in ManpowerGroup Inc. (NYSE:MAN) by 926.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 544 shares of the business services provider’s stock after purchasing an additional 491 shares during the period. Fort L.P.’s holdings in ManpowerGroup were worth $35,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its position in shares of ManpowerGroup by 6,258.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,212,136 shares of the business services provider’s stock worth $50,000 after purchasing an additional 3,161,617 shares during the period. AQR Capital Management LLC lifted its position in shares of ManpowerGroup by 76.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,324,420 shares of the business services provider’s stock worth $199,807,000 after purchasing an additional 1,007,534 shares during the period. LSV Asset Management lifted its position in shares of ManpowerGroup by 5.5% in the 4th quarter. LSV Asset Management now owns 1,827,463 shares of the business services provider’s stock worth $118,419,000 after purchasing an additional 94,867 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of ManpowerGroup by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,592,465 shares of the business services provider’s stock worth $103,194,000 after purchasing an additional 75,824 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of ManpowerGroup by 10.0% in the 4th quarter. Bank of New York Mellon Corp now owns 914,587 shares of the business services provider’s stock worth $59,265,000 after purchasing an additional 82,946 shares during the period. Hedge funds and other institutional investors own 88.53% of the company’s stock.

ManpowerGroup stock opened at $84.51 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.44 and a current ratio of 1.44. ManpowerGroup Inc. has a 12-month low of $61.57 and a 12-month high of $123.28. The firm has a market cap of $4.90 billion, a P/E ratio of 9.44, a P/E/G ratio of 3.43 and a beta of 1.50.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, January 31st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. ManpowerGroup had a net margin of 2.53% and a return on equity of 20.65%. The company had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.54 billion. On average, equities research analysts expect that ManpowerGroup Inc. will post 7.71 EPS for the current fiscal year.

In related news, Director Ulice Payne, Jr. sold 1,750 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $85.40, for a total transaction of $149,450.00. Following the transaction, the director now owns 8,036 shares in the company, valued at approximately $686,274.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sriram Chandrashekar sold 14,706 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $84.90, for a total transaction of $1,248,539.40. The disclosure for this sale can be found here. Insiders have sold a total of 19,927 shares of company stock worth $1,686,603 in the last quarter. 1.02% of the stock is owned by corporate insiders.

MAN has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. ValuEngine upgraded shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. BMO Capital Markets downgraded shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $83.00 to $81.00 in a research report on Friday, February 1st. Finally, TheStreet upgraded shares of ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $98.67.

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ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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