Teacher Retirement System of Texas decreased its stake in ManpowerGroup (NYSE:MAN) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 212,988 shares of the business services provider’s stock after selling 17,907 shares during the period. Teacher Retirement System of Texas’ holdings in ManpowerGroup were worth $23,780,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MAN. BlackRock Inc. increased its stake in ManpowerGroup by 1,236.2% in the first quarter. BlackRock Inc. now owns 8,185,672 shares of the business services provider’s stock valued at $839,606,000 after buying an additional 7,573,043 shares during the last quarter. Vanguard Group Inc. increased its stake in ManpowerGroup by 6.7% in the first quarter. Vanguard Group Inc. now owns 6,019,016 shares of the business services provider’s stock valued at $617,369,000 after buying an additional 376,556 shares during the last quarter. Boston Partners increased its stake in ManpowerGroup by 3.3% in the second quarter. Boston Partners now owns 3,697,608 shares of the business services provider’s stock valued at $412,838,000 after buying an additional 119,340 shares during the last quarter. State Street Corp increased its stake in ManpowerGroup by 0.6% in the first quarter. State Street Corp now owns 2,673,581 shares of the business services provider’s stock valued at $274,247,000 after buying an additional 16,876 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in ManpowerGroup by 21.1% in the first quarter. AQR Capital Management LLC now owns 1,951,173 shares of the business services provider’s stock valued at $200,132,000 after buying an additional 339,539 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

ManpowerGroup (NYSE:MAN) opened at 106.85 on Friday. ManpowerGroup has a one year low of $67.30 and a one year high of $119.59. The stock has a 50 day moving average price of $110.90 and a 200-day moving average price of $103.33. The firm has a market cap of $7.13 billion, a P/E ratio of 16.35 and a beta of 1.39.

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

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MAN has been the topic of several recent analyst reports. Zacks Investment Research downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. BMO Capital Markets boosted their price objective on ManpowerGroup from $113.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Credit Suisse Group restated a “neutral” rating and set a $111.00 price objective (up previously from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $111.00 price objective (up previously from $104.00) on shares of ManpowerGroup in a report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $102.71.

In other news, SVP Richard Buchband sold 1,250 shares of ManpowerGroup stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $109.00, for a total transaction of $136,250.00. Following the transaction, the senior vice president now owns 3,884 shares in the company, valued at approximately $423,356. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ulice Payne, Jr. sold 2,100 shares of ManpowerGroup stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $107.94, for a total value of $226,674.00. Following the transaction, the director now owns 11,136 shares in the company, valued at approximately $1,202,019.84. The disclosure for this sale can be found here. Insiders have sold a total of 121,715 shares of company stock worth $12,904,283 in the last quarter. 0.87% of the stock is currently owned by company insiders.

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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