Renaissance Technologies LLC Has $4.44 Million Holdings in ManpowerGroup Inc. (NYSE:MAN)

Renaissance Technologies LLC lessened its stake in ManpowerGroup Inc. (NYSE:MAN) by 53.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,552 shares of the business services provider’s stock after selling 74,000 shares during the quarter. Renaissance Technologies LLC’s holdings in ManpowerGroup were worth $4,436,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of ManpowerGroup by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock valued at $549,314,000 after buying an additional 17,691 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in ManpowerGroup by 4.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock valued at $287,987,000 after purchasing an additional 183,527 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in ManpowerGroup by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock valued at $160,539,000 after purchasing an additional 103,059 shares during the last quarter. Schroder Investment Management Group lifted its holdings in ManpowerGroup by 10.7% during the 4th quarter. Schroder Investment Management Group now owns 1,425,180 shares of the business services provider’s stock valued at $113,259,000 after purchasing an additional 137,441 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in ManpowerGroup by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 1,096,658 shares of the business services provider’s stock valued at $87,151,000 after purchasing an additional 17,481 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

ManpowerGroup Stock Up 0.2 %

MAN stock opened at $73.28 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 75.55 and a beta of 1.45. The business’s fifty day moving average price is $72.30 and its two-hundred day moving average price is $73.04. ManpowerGroup Inc. has a fifty-two week low of $66.03 and a fifty-two week high of $80.25.

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

ManpowerGroup Profile

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.