Teachers Retirement System of The State of Kentucky lowered its holdings in shares of ManpowerGroup (NYSE:MAN) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,390 shares of the business services provider’s stock after selling 1,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in ManpowerGroup were worth $1,607,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Synovus Financial Corp boosted its position in ManpowerGroup by 0.3% during the second quarter. Synovus Financial Corp now owns 3,273 shares of the business services provider’s stock worth $360,000 after purchasing an additional 9 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of ManpowerGroup by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 17,669 shares of the business services provider’s stock valued at $1,973,000 after acquiring an additional 46 shares during the last quarter. Global X Management Co. LLC raised its holdings in shares of ManpowerGroup by 2.1% during the second quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 59 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of ManpowerGroup by 0.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 7,365 shares of the business services provider’s stock valued at $755,000 after acquiring an additional 65 shares during the last quarter. Finally, Horizon Investment Services LLC raised its holdings in shares of ManpowerGroup by 3.3% during the first quarter. Horizon Investment Services LLC now owns 2,969 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 93.71% of the company’s stock.

In related news, EVP Sriram Chandrashekar sold 19,912 shares of ManpowerGroup stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $105.39, for a total transaction of $2,098,525.68. Following the completion of the transaction, the executive vice president now directly owns 1,659 shares in the company, valued at approximately $174,842.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Darryl Green sold 76,000 shares of ManpowerGroup stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total value of $8,043,080.00. Following the transaction, the chief operating officer now owns 36,454 shares of the company’s stock, valued at $3,857,926.82. The disclosure for this sale can be found here. Insiders have sold a total of 122,858 shares of company stock worth $13,029,300 in the last three months. Corporate insiders own 0.87% of the company’s stock.

A number of equities analysts have commented on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $111.00 target price (up previously from $104.00) on shares of ManpowerGroup in a report on Friday, July 14th. BMO Capital Markets increased their target price on ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, July 14th. BidaskClub raised ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research cut ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $111.00 target price (up previously from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $111.20.

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ManpowerGroup (MAN) opened at 121.79 on Thursday. ManpowerGroup has a one year low of $70.64 and a one year high of $121.97. The firm’s 50 day moving average price is $113.26 and its 200-day moving average price is $107.39. The firm has a market cap of $8.13 billion, a PE ratio of 18.63 and a beta of 1.40.

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 the Thomson Reuters’ consensus estimate of $1.73 by ($0.01). The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. ManpowerGroup’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $1.60 EPS. Equities analysts predict that ManpowerGroup will post $6.75 EPS for the current fiscal year.

ManpowerGroup Company Profile

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.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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