ManpowerGroup (NYSE:MAN) Director Edward J. Zore sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $127.00, for a total value of $1,270,000.00. Following the completion of the sale, the director now owns 29,876 shares of the company’s stock, valued at approximately $3,794,252. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of ManpowerGroup (NYSE MAN) opened at $127.01 on Friday. The firm has a market capitalization of $8,420.00, a price-to-earnings ratio of 19.10 and a beta of 1.43. ManpowerGroup has a 12 month low of $84.98 and a 12 month high of $131.99. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.17.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 earnings per share. analysts predict that ManpowerGroup will post 6.9 EPS for the current year.
A number of hedge funds have recently modified their holdings of the stock. Synovus Financial Corp grew its stake in ManpowerGroup by 0.3% in the second quarter. Synovus Financial Corp now owns 3,273 shares of the business services provider’s stock worth $360,000 after purchasing an additional 9 shares during the period. Global X Management Co. LLC grew its stake in shares of ManpowerGroup by 2.1% in the second quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock worth $319,000 after acquiring an additional 59 shares during the last quarter. Security National Bank of SO Dak grew its stake in shares of ManpowerGroup by 1.2% in the second quarter. Security National Bank of SO Dak now owns 8,165 shares of the business services provider’s stock worth $911,000 after acquiring an additional 100 shares during the last quarter. Utah Retirement Systems grew its stake in shares of ManpowerGroup by 0.8% in the second quarter. Utah Retirement Systems now owns 12,318 shares of the business services provider’s stock worth $1,375,000 after acquiring an additional 100 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after acquiring an additional 116 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on MAN shares. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, August 11th. BMO Capital Markets restated a “buy” rating and set a $124.00 target price on shares of ManpowerGroup in a report on Friday, September 1st. Zacks Investment Research downgraded ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Royal Bank Of Canada downgraded ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Finally, SunTrust Banks restated a “hold” rating and set a $107.00 target price on shares of ManpowerGroup in a report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. ManpowerGroup has an average rating of “Hold” and an average target price of $126.71.
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ManpowerGroup Company Profile
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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