ManpowerGroup (MAN) Holdings Boosted by Flinton Capital Management LLC
Flinton Capital Management LLC grew its position in ManpowerGroup (NYSE:MAN) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,416 shares of the business services provider’s stock after buying an additional 616 shares during the period. Flinton Capital Management LLC owned 0.09% of ManpowerGroup worth $6,634,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of ManpowerGroup during the 1st quarter worth approximately $101,000. Acrospire Investment Management LLC raised its position in shares of ManpowerGroup by 27.6% during the 2nd 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 period. IFP Advisors Inc raised its position in shares of ManpowerGroup by 14.1% during the 2nd 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 period. First Quadrant L P CA purchased a new stake in shares of ManpowerGroup during the 2nd quarter valued at approximately $123,000. Finally, Harfst & Associates Inc. purchased a new stake in shares of ManpowerGroup during the 2nd quarter valued at approximately $149,000. 93.71% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on MAN shares. BMO Capital Markets reiterated a “buy” rating and issued a $124.00 price objective on shares of ManpowerGroup in a research report on Friday, September 1st. BidaskClub cut ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. Zacks Investment Research downgraded ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $111.00 price target (up previously from $106.00) on shares of ManpowerGroup in a research note on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $111.20.
Shares of ManpowerGroup (NYSE MAN) traded up 0.96% during trading on Wednesday, hitting $121.37. 68,200 shares of the stock traded hands. ManpowerGroup has a 52-week low of $70.64 and a 52-week high of $121.38. The firm has a market cap of $8.10 billion, a PE ratio of 18.57 and a beta of 1.40. The company’s 50 day moving average is $112.89 and its 200 day moving average is $107.29.
ManpowerGroup (NYSE:MAN) last released its earnings results on Monday, July 24th. The business services provider reported $1.72 EPS 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 during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that ManpowerGroup will post $6.75 EPS for the current year.
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In other news, COO Darryl Green sold 76,000 shares of the company’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 of the company’s stock, valued at approximately $3,857,926.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mara E. Swan sold 2,393 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $109.18, for a total transaction of $261,267.74. Following the transaction, the executive vice president now directly 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. Over the last three months, insiders sold 122,858 shares of company stock worth $13,029,300. 0.87% of the stock is owned by corporate 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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