Headlands Technologies LLC Buys New Holdings in ManpowerGroup Inc. (NYSE:MAN)

Headlands Technologies LLC purchased a new position in ManpowerGroup Inc. (NYSE:MAN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 671 shares of the business services provider’s stock, valued at approximately $47,000.

A number of other hedge funds have also recently added to or reduced their stakes in MAN. Abich Financial Wealth Management LLC raised its holdings in shares of ManpowerGroup by 62.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of ManpowerGroup in the first quarter worth approximately $47,000. Advisors Asset Management Inc. bought a new position in shares of ManpowerGroup in the first quarter valued at approximately $49,000. Innealta Capital LLC purchased a new position in shares of ManpowerGroup during the second quarter valued at approximately $50,000. Finally, Hexagon Capital Partners LLC grew its holdings in ManpowerGroup by 25.6% during the first quarter. Hexagon Capital Partners LLC now owns 1,364 shares of the business services provider’s stock worth $106,000 after buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BNP Paribas raised shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective on the stock in a report on Tuesday, June 11th. BMO Capital Markets boosted their price target on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $82.40.

ManpowerGroup Stock Performance

NYSE MAN opened at $73.15 on Wednesday. The company has a market capitalization of $3.49 billion, a PE ratio of 75.41, a price-to-earnings-growth ratio of 1.78 and a beta of 1.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. ManpowerGroup Inc. has a 52-week low of $66.03 and a 52-week high of $80.25. The company has a 50-day simple moving average of $71.74 and a 200 day simple moving average of $73.06.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 EPS. On average, research analysts predict that ManpowerGroup Inc. will post 4.87 EPS for the current year.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services worldwide. 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. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.