Inceptionr LLC Sells 865 Shares of ManpowerGroup Inc. (NYSE:MAN)

Inceptionr LLC reduced its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,128 shares of the business services provider’s stock after selling 865 shares during the quarter. Inceptionr LLC’s holdings in ManpowerGroup were worth $469,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MAN. Raymond James Financial Inc. bought a new position in ManpowerGroup in the fourth quarter valued at approximately $875,000. Aigen Investment Management LP bought a new position in ManpowerGroup in the fourth quarter valued at approximately $584,000. Clark Estates Inc. NY boosted its stake in ManpowerGroup by 11.6% in the fourth quarter. Clark Estates Inc. NY now owns 40,500 shares of the business services provider’s stock valued at $2,338,000 after acquiring an additional 4,200 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in ManpowerGroup by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,917 shares of the business services provider’s stock valued at $29,144,000 after acquiring an additional 23,741 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in ManpowerGroup by 171.3% in 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. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Trading Up 1.4 %

Shares of NYSE MAN opened at $62.90 on Friday. The company’s fifty day moving average is $57.61 and its 200-day moving average is $63.39. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 21.04 and a beta of 1.43. ManpowerGroup Inc. has a twelve month low of $53.31 and a twelve month high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

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

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.