ManpowerGroup (NYSE:MAN) COO Darryl Green sold 76,000 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was 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 in the company, valued at $3,857,926.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of ManpowerGroup (NYSE:MAN) traded up 0.55% during trading on Tuesday, hitting $108.51. 93,118 shares of the stock traded hands. The company has a 50 day moving average of $110.85 and a 200-day moving average of $102.71. The company has a market cap of $7.31 billion, a PE ratio of 16.60 and a beta of 1.39. ManpowerGroup has a 1-year low of $66.53 and a 1-year high of $119.59.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing the Zacks’ consensus estimate of $1.73 by $0.01. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the business posted $1.60 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that ManpowerGroup will post $6.75 EPS for the current fiscal year.
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MAN has been the topic of several recent research reports. Zacks Investment Research downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. BidaskClub upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $111.00 price objective (up from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. Finally, BMO Capital Markets raised their target price on shares of ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $102.71.
Hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its stake in shares of ManpowerGroup by 3.0% in the first quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the business services provider’s stock worth $1,754,000 after buying an additional 500 shares during the last quarter. Parametrica Management Ltd purchased a new stake in shares of ManpowerGroup during the first quarter worth approximately $201,000. Capstone Asset Management Co. raised its stake in shares of ManpowerGroup by 7.6% in the first quarter. Capstone Asset Management Co. now owns 8,089 shares of the business services provider’s stock worth $830,000 after buying an additional 570 shares during the last quarter. Regentatlantic Capital LLC raised its stake in shares of ManpowerGroup by 6.9% in the first quarter. Regentatlantic Capital LLC now owns 10,412 shares of the business services provider’s stock worth $1,068,000 after buying an additional 670 shares during the last quarter. Finally, Creative Planning raised its stake in shares of ManpowerGroup by 6.0% in the first quarter. Creative Planning now owns 5,964 shares of the business services provider’s stock worth $612,000 after buying an additional 335 shares during the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.
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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