Seminole Management Co. Inc. grew its stake in shares of ManpowerGroup (NYSE:MAN) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,400 shares of the business services provider’s stock after acquiring an additional 1,400 shares during the period. ManpowerGroup comprises approximately 0.4% of Seminole Management Co. Inc.’s holdings, making the stock its 19th biggest position. Seminole Management Co. Inc.’s holdings in ManpowerGroup were worth $1,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in MAN. United Services Automobile Association grew its holdings in ManpowerGroup by 61.4% during the 1st quarter. United Services Automobile Association now owns 24,295 shares of the business services provider’s stock worth $2,492,000 after acquiring an additional 9,239 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in ManpowerGroup by 5.5% during the 1st quarter. OppenheimerFunds Inc. now owns 48,092 shares of the business services provider’s stock worth $4,933,000 after acquiring an additional 2,512 shares in the last quarter. FMR LLC acquired a new position in ManpowerGroup during the 1st quarter worth $7,065,000. Teachers Advisors LLC grew its holdings in ManpowerGroup by 4.1% during the 1st quarter. Teachers Advisors LLC now owns 222,883 shares of the business services provider’s stock worth $22,861,000 after acquiring an additional 8,833 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new position in ManpowerGroup during the 1st quarter worth $226,000. 93.71% of the stock is owned by institutional investors.
MAN has been the subject of several recent analyst reports. BidaskClub lowered shares of ManpowerGroup from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Tuesday, July 4th. BMO Capital Markets reissued a “buy” rating and set a $124.00 price objective on shares of ManpowerGroup in a report on Friday, September 1st. Credit Suisse Group reissued a “neutral” rating and set a $111.00 price objective (up from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Finally, Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $111.20.
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In other news, Director Ulice Payne, Jr. sold 2,100 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $107.94, for a total value of $226,674.00. Following the completion of the transaction, the director now owns 11,136 shares in the company, valued at approximately $1,202,019.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Darryl Green sold 76,000 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the completion of the transaction, the chief operating officer now owns 36,454 shares of the company’s stock, valued at approximately $3,857,926.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,858 shares of company stock valued at $13,029,300. Corporate insiders own 0.87% of the company’s stock.
ManpowerGroup (NYSE:MAN) traded up 1.23% on Thursday, hitting $122.20. 132,376 shares of the stock traded hands. The stock has a 50-day moving average of $115.33 and a 200-day moving average of $108.15. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 18.69 and a beta of 1.40. ManpowerGroup has a 12-month low of $70.64 and a 12-month high of $123.44.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the company posted $1.60 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts forecast that ManpowerGroup will post $6.75 earnings per share for the current year.
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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