Hexagon Capital Partners LLC Purchases 458 Shares of ManpowerGroup Inc. (NYSE:MAN)

Hexagon Capital Partners LLC lifted its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 33.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,822 shares of the business services provider’s stock after purchasing an additional 458 shares during the period. Hexagon Capital Partners LLC’s holdings in ManpowerGroup were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in ManpowerGroup during the 4th quarter worth $247,000. Raymond James & Associates increased its position in ManpowerGroup by 5.2% during the fourth quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock worth $280,000 after acquiring an additional 173 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ManpowerGroup in the 4th quarter worth about $968,000. Nisa Investment Advisors LLC boosted its holdings in ManpowerGroup by 128.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,339 shares of the business services provider’s stock valued at $424,000 after purchasing an additional 3,000 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of ManpowerGroup by 42.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 133,937 shares of the business services provider’s stock worth $10,644,000 after purchasing an additional 40,221 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Trading Down 1.4 %

NYSE MAN traded down $1.03 on Friday, reaching $70.11. The company had a trading volume of 248,077 shares, compared to its average volume of 405,176. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 72.28, a P/E/G ratio of 1.91 and a beta of 1.47. ManpowerGroup Inc. has a fifty-two week low of $66.03 and a fifty-two week high of $80.57. The business has a 50 day moving average of $71.61 and a two-hundred day moving average of $73.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.17.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. The company had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.53 billion. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. ManpowerGroup’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 earnings per share. Analysts forecast that ManpowerGroup Inc. will post 4.87 EPS for the current year.

Analyst Upgrades and Downgrades

MAN has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. UBS Group lowered their target price on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. BMO Capital Markets upped their price target on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Finally, BNP Paribas upgraded ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective on the stock in a research report on Tuesday, June 11th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $82.40.

ManpowerGroup Company 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.