Shares of ManpowerGroup Inc. (NYSE:MAN) traded down 5.9% during mid-day trading on Friday . The stock traded as low as $80.62 and last traded at $80.75. 782,916 shares were traded during trading, an increase of 30% from the average session volume of 600,159 shares. The stock had previously closed at $85.85.
Several analysts have issued reports on the stock. TheStreet upgraded shares of ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. BMO Capital Markets lowered shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and cut their price target for the company from $83.00 to $81.00 in a research report on Friday, February 1st. ValuEngine upgraded shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Finally, Zacks Investment Research lowered shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $98.67.
The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. The stock has a market cap of $5.06 billion, a PE ratio of 9.02, a PEG ratio of 3.53 and a beta of 1.50.
In other news, SVP Richard Buchband sold 3,471 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $83.15, for a total transaction of $288,613.65. Following the completion of the sale, the senior vice president now directly owns 4,986 shares in the company, valued at $414,585.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Sriram Chandrashekar sold 14,706 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $84.90, for a total transaction of $1,248,539.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,927 shares of company stock valued at $1,686,603. 1.02% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Fort L.P. lifted its holdings in ManpowerGroup by 926.4% in the fourth quarter. Fort L.P. now owns 544 shares of the business services provider’s stock worth $35,000 after buying an additional 491 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in ManpowerGroup in the fourth quarter worth about $84,000. Schroder Investment Management Group lifted its holdings in ManpowerGroup by 133.3% in the third quarter. Schroder Investment Management Group now owns 2,100 shares of the business services provider’s stock worth $181,000 after buying an additional 1,200 shares during the period. Paradigm Asset Management Co. LLC purchased a new stake in ManpowerGroup in the third quarter worth about $198,000. Finally, Daiwa Securities Group Inc. lifted its holdings in ManpowerGroup by 8.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the business services provider’s stock worth $157,000 after buying an additional 180 shares during the period. Institutional investors own 90.36% of the company’s stock.
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ManpowerGroup Company Profile (NYSE:MAN)
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.
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