Headlands Technologies LLC Acquires 2,112 Shares of ManpowerGroup Inc. (NYSE:MAN)

Headlands Technologies LLC boosted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 443.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,588 shares of the business services provider’s stock after acquiring an additional 2,112 shares during the quarter. Headlands Technologies LLC’s holdings in ManpowerGroup were worth $149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. WFA Asset Management Corp bought a new position in shares of ManpowerGroup during the 4th quarter valued at approximately $35,000. SRS Capital Advisors Inc. increased its position in ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 562 shares during the last quarter. Blue Trust Inc. raised its stake in shares of ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 778 shares during the period. R Squared Ltd bought a new stake in shares of ManpowerGroup in the 4th quarter worth about $95,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of ManpowerGroup by 34.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock worth $133,000 after acquiring an additional 587 shares during the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAN. Truist Financial reissued a “hold” rating and issued a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. UBS Group decreased their price target on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays cut their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.33.

ManpowerGroup Trading Down 4.5 %

Shares of NYSE MAN opened at $52.18 on Friday. ManpowerGroup Inc. has a twelve month low of $51.12 and a twelve month high of $78.87. The firm has a market cap of $2.44 billion, a PE ratio of 17.45 and a beta of 1.28. The business has a fifty day simple moving average of $57.86 and a two-hundred day simple moving average of $61.52. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

ManpowerGroup Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. 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. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.