Cornerstone Capital Management Holdings LLC. reduced its position in ManpowerGroup (NYSE:MAN) by 26.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 237,544 shares of the business services provider’s stock after selling 85,261 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.36% of ManpowerGroup worth $26,520,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC increased its holdings in ManpowerGroup by 27.6% in the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock valued at $103,000 after buying an additional 200 shares during the last quarter. IFP Advisors Inc increased its holdings in ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after buying an additional 116 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in ManpowerGroup in the first quarter valued at about $101,000. First Quadrant L P CA bought a new stake in ManpowerGroup in the second quarter valued at about $123,000. Finally, Harfst & Associates Inc. bought a new stake in ManpowerGroup in the second quarter valued at about $149,000. 93.71% of the stock is owned by hedge funds and other institutional investors.

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In other ManpowerGroup news, COO Darryl Green sold 76,000 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the completion of the transaction, the chief operating officer now owns 36,454 shares in the company, valued at $3,857,926.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mara E. Swan sold 2,393 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total transaction of $261,267.74. Following the transaction, the executive vice president now owns 27,078 shares of the company’s stock, valued at approximately $2,956,376.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,858 shares of company stock valued at $13,029,300. Corporate insiders own 0.87% of the company’s stock.

Several analysts recently weighed in on MAN shares. BidaskClub raised ManpowerGroup from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Tuesday, July 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $111.00 price objective (up from $104.00) on shares of ManpowerGroup in a report on Friday, July 14th. BMO Capital Markets boosted their price objective on ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Finally, Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $111.20.

ManpowerGroup (MAN) traded up 0.35% during trading on Friday, hitting $122.00. The stock had a trading volume of 24,544 shares. The company has a market cap of $8.14 billion, a PE ratio of 18.66 and a beta of 1.40. ManpowerGroup has a 52 week low of $70.64 and a 52 week high of $122.61. The stock has a 50-day moving average price of $113.64 and a 200-day moving average price of $107.49.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 EPS. Equities analysts predict that ManpowerGroup will post $6.75 EPS for the current year.

About ManpowerGroup

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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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