ManpowerGroup (NYSE:MAN) shares dropped 14.5% on Friday . The company traded as low as $100.69 and last traded at $101.47. Approximately 2,783,416 shares traded hands during trading, an increase of 426% from the average daily volume of 528,707 shares. The stock had previously closed at $118.66.

MAN has been the topic of a number of research analyst reports. Deutsche Bank reiterated a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a report on Tuesday, January 9th. Argus upped their target price on ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a report on Thursday, March 8th. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Thursday, January 11th. BMO Capital Markets reduced their target price on ManpowerGroup to $136.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Finally, ValuEngine upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. ManpowerGroup currently has an average rating of “Hold” and a consensus target price of $122.60.

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $6,713.36, a P/E ratio of 13.18 and a beta of 1.34.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, April 20th. The business services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.07. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The firm had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. equities analysts anticipate that ManpowerGroup will post 8.96 EPS for the current year.

In other news, COO Darryl Green sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $117.26, for a total value of $1,172,600.00. Following the sale, the chief operating officer now directly owns 21,233 shares of the company’s stock, valued at approximately $2,489,781.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Sriram Chandrashekar sold 39,420 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $119.33, for a total value of $4,703,988.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,547 shares of company stock worth $6,842,051. Insiders own 1.02% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB lifted its position in ManpowerGroup by 3.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 24,505 shares of the business services provider’s stock valued at $3,090,000 after acquiring an additional 767 shares in the last quarter. Handelsbanken Fonder AB bought a new position in ManpowerGroup in the 4th quarter valued at approximately $290,000. William Blair Investment Management LLC lifted its position in ManpowerGroup by 8.4% in the 4th quarter. William Blair Investment Management LLC now owns 7,806 shares of the business services provider’s stock valued at $984,000 after acquiring an additional 605 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in ManpowerGroup by 35.9% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,300 shares of the business services provider’s stock valued at $668,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in ManpowerGroup by 132.6% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 41,568 shares of the business services provider’s stock valued at $5,242,000 after acquiring an additional 23,700 shares in the last quarter. 94.31% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This article was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2018/04/22/manpowergroup-man-shares-down-14-5.html.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.