Moody Aldrich Partners LLC Invests $588,000 in ManpowerGroup Inc. (NYSE:MAN)

Moody Aldrich Partners LLC purchased a new position in ManpowerGroup Inc. (NYSE:MAN) in the second quarter, HoldingsChannel.com reports. The fund purchased 8,553 shares of the business services provider’s stock, valued at approximately $588,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC raised its holdings in shares of ManpowerGroup by 220.6% in the first quarter. FinTrust Capital Advisors LLC now owns 497 shares of the business services provider’s stock worth $26,000 after acquiring an additional 342 shares during the last quarter. Van ECK Associates Corp grew its position in shares of ManpowerGroup by 10.2% in the first quarter. Van ECK Associates Corp now owns 2,647 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 244 shares during the period. BancorpSouth Bank purchased a new stake in shares of ManpowerGroup in the second quarter valued at $206,000. Northwestern Mutual Wealth Management Co. grew its position in shares of ManpowerGroup by 130.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,036 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 1,720 shares during the period. Finally, AGF Investments Inc. purchased a new stake in shares of ManpowerGroup in the first quarter valued at $200,000. 92.66% of the stock is owned by institutional investors.

Shares of NYSE MAN traded down $1.11 on Friday, hitting $68.79. The company had a trading volume of 560,957 shares, compared to its average volume of 554,945. ManpowerGroup Inc. has a 12-month low of $49.57 and a 12-month high of $100.99. The business has a 50 day moving average of $69.57 and a two-hundred day moving average of $74.14. The company has a quick ratio of 1.49, a current ratio of 1.50 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $3.99 billion, a P/E ratio of 18.69, a PEG ratio of 17.22 and a beta of 2.03.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Monday, July 20th. The business services provider reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. ManpowerGroup had a return on equity of 11.35% and a net margin of 1.18%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the business earned $2.11 earnings per share. The company’s revenue was down 30.4% compared to the same quarter last year. On average, sell-side analysts anticipate that ManpowerGroup Inc. will post 2.65 earnings per share for the current year.

A number of research firms have issued reports on MAN. Zacks Investment Research raised ManpowerGroup from a “strong sell” rating to a “hold” rating and set a $79.00 price target for the company in a research report on Wednesday, May 27th. BMO Capital Markets boosted their price target on ManpowerGroup from $67.00 to $70.00 and gave the company a “market perform” rating in a research report on Monday, April 20th. Goldman Sachs Group downgraded ManpowerGroup from a “neutral” rating to a “sell” rating and lowered their price target for the company from $57.00 to $54.00 in a research report on Tuesday, July 14th. Robert W. Baird boosted their price target on ManpowerGroup from $70.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Finally, CL King lowered their price target on ManpowerGroup from $107.00 to $80.00 in a research report on Tuesday, April 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. ManpowerGroup currently has a consensus rating of “Hold” and an average price target of $76.10.

ManpowerGroup Profile

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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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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