Ray Gerald L & Associates Ltd. Has $1.81 Million Stake in ManpowerGroup (MAN)
Ray Gerald L & Associates Ltd. increased its position in ManpowerGroup (NYSE:MAN) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,200 shares of the business services provider’s stock after buying an additional 300 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in ManpowerGroup were worth $1,809,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in MAN. LSV Asset Management increased its position in shares of ManpowerGroup by 37.3% in the first quarter. LSV Asset Management now owns 1,458,668 shares of the business services provider’s stock worth $149,615,000 after buying an additional 396,096 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of ManpowerGroup by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 215,374 shares of the business services provider’s stock worth $22,091,000 after buying an additional 1,369 shares in the last quarter. State Treasurer State of Michigan increased its position in shares of ManpowerGroup by 1.8% in the first quarter. State Treasurer State of Michigan now owns 27,530 shares of the business services provider’s stock worth $2,824,000 after buying an additional 500 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of ManpowerGroup during the first quarter worth approximately $57,066,000. Finally, Seminole Management Co. Inc. increased its position in shares of ManpowerGroup by 41.3% in the first quarter. Seminole Management Co. Inc. now owns 13,000 shares of the business services provider’s stock worth $1,333,000 after buying an additional 3,800 shares in the last quarter. 93.67% of the stock is owned by institutional investors and hedge funds.
ManpowerGroup (MAN) traded down 1.51% during midday trading on Tuesday, reaching $108.08. The company had a trading volume of 25,010 shares. The firm has a market capitalization of $7.21 billion, a PE ratio of 16.53 and a beta of 1.39. ManpowerGroup has a 12 month low of $67.30 and a 12 month high of $119.59. The firm’s 50-day moving average price is $110.33 and its 200 day moving average price is $104.18.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.73 by $0.01. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the prior year, the firm posted $1.60 EPS. ManpowerGroup’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that ManpowerGroup will post $6.75 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on the company. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. BMO Capital Markets boosted their price objective on ManpowerGroup from $113.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Royal Bank Of Canada reissued a “sector perform” rating and set a $111.00 price objective (up from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. 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 research report on Tuesday, July 4th. Finally, BidaskClub raised ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $109.60.
In related news, SVP Richard Buchband sold 1,250 shares of the business’s 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 directly owns 3,884 shares in the company, valued at $423,356. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 2,100 shares of the business’s 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 $1,202,019.84. The disclosure for this sale can be found here. Insiders have sold a total of 124,108 shares of company stock valued at $13,165,550 in the last three months. 0.87% of the stock is owned by insiders.
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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