Vise Technologies Inc. acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,668 shares of the business services provider’s stock, valued at approximately $360,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baird Financial Group Inc. bought a new stake in ManpowerGroup during the 1st quarter worth approximately $219,000. Goldman Sachs Group Inc. grew its holdings in ManpowerGroup by 12.5% during the first quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock worth $20,109,000 after buying an additional 38,710 shares in the last quarter. Empowered Funds LLC grew its holdings in ManpowerGroup by 3.2% during the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock worth $778,000 after buying an additional 414 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in ManpowerGroup by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock valued at $9,325,000 after buying an additional 13,906 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in ManpowerGroup in the 1st quarter valued at $348,000. 98.03% of the stock is owned by institutional investors.
ManpowerGroup Stock Up 1.3%
Shares of NYSE:MAN opened at $62.16 on Wednesday. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $62.96. The company has a market capitalization of $2.89 billion, a PE ratio of 28.25 and a beta of 0.67. The business has a fifty day moving average price of $47.53 and a two-hundred day moving average price of $35.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04.
Wall Street Analyst Weigh In
MAN has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on shares of ManpowerGroup from $45.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. UBS Group increased their target price on shares of ManpowerGroup from $41.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, July 17th. BMO Capital Markets raised their price target on shares of ManpowerGroup from $49.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Wall Street Zen upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Truist Financial increased their price objective on shares of ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.50.
Get Our Latest Stock Report on ManpowerGroup
ManpowerGroup Company Profile
ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company’s service offerings are organized into four principal brands.
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