Burney Co. trimmed its stake in ManpowerGroup Inc. (NYSE:MAN) by 8.6% during the first quarter, Holdings Channel reports. The institutional investor owned 13,642 shares of the business services provider’s stock after selling 1,287 shares during the quarter. Burney Co.’s holdings in ManpowerGroup were worth $1,128,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the business. Fort L.P. increased its holdings in shares of ManpowerGroup by 926.4% during the fourth quarter. Fort L.P. now owns 544 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 491 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of ManpowerGroup during the fourth quarter valued at $84,000. First Mercantile Trust Co. acquired a new position in shares of ManpowerGroup during the first quarter valued at $123,000. US Bancorp DE increased its holdings in shares of ManpowerGroup by 29.9% during the first quarter. US Bancorp DE now owns 1,744 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 401 shares during the period. Finally, Twin Tree Management LP increased its holdings in shares of ManpowerGroup by 583.4% during the first quarter. Twin Tree Management LP now owns 1,975 shares of the business services provider’s stock valued at $163,000 after purchasing an additional 1,686 shares during the period. Institutional investors own 91.08% of the company’s stock.

A number of brokerages have recently commented on MAN. Royal Bank of Canada began coverage on ManpowerGroup in a report on Tuesday, April 16th. They set an “outperform” rating and a $114.00 price target on the stock. Credit Suisse Group lowered ManpowerGroup from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $102.00 to $88.00 in a report on Wednesday. BMO Capital Markets raised their price target on ManpowerGroup to $93.00 and gave the company a “market perform” rating in a report on Monday, April 22nd. Zacks Investment Research lowered ManpowerGroup from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Finally, TheStreet raised ManpowerGroup from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $94.64.

NYSE:MAN opened at $90.67 on Thursday. The stock has a market cap of $5.54 billion, a P/E ratio of 10.13, a PEG ratio of 3.78 and a beta of 1.55. ManpowerGroup Inc. has a 52-week low of $61.57 and a 52-week high of $97.26. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.38.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, April 18th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5 billion. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. ManpowerGroup’s revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.72 earnings per share. Sell-side analysts anticipate that ManpowerGroup Inc. will post 7.84 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be issued a dividend of $1.09 per share. This is a positive change from ManpowerGroup’s previous semiannual dividend of $1.01. This represents a yield of 2.43%. The ex-dividend date of this dividend is Friday, May 31st. ManpowerGroup’s payout ratio is presently 24.36%.

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ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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