Orion Portfolio Solutions LLC Takes Position in ManpowerGroup Inc. (NYSE:MAN)

Orion Portfolio Solutions LLC acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,301 shares of the business services provider’s stock, valued at approximately $1,056,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its holdings in ManpowerGroup by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock valued at $2,745,000 after acquiring an additional 234 shares in the last quarter. Captrust Financial Advisors increased its position in shares of ManpowerGroup by 11.8% during the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 344 shares during the period. KBC Group NV raised its stake in shares of ManpowerGroup by 1.0% in the fourth quarter. KBC Group NV now owns 54,109 shares of the business services provider’s stock valued at $3,123,000 after purchasing an additional 536 shares in the last quarter. Alexander Randolph Advisory Inc. lifted its position in ManpowerGroup by 1.7% in the fourth quarter. Alexander Randolph Advisory Inc. now owns 33,148 shares of the business services provider’s stock worth $1,913,000 after purchasing an additional 545 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after buying an additional 562 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MAN. UBS Group dropped their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Barclays cut their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. Finally, Truist Financial reaffirmed a “hold” rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Stock Performance

Shares of MAN stock opened at $52.18 on Friday. The company has a fifty day moving average price of $57.86 and a two-hundred day moving average price of $61.52. ManpowerGroup Inc. has a one year low of $51.12 and a one year high of $78.87. The stock has a market cap of $2.44 billion, a P/E ratio of 17.45 and a beta of 1.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

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.