Impact Partnership Wealth LLC Purchases 969 Shares of ManpowerGroup Inc. (NYSE:MAN)

Impact Partnership Wealth LLC grew its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 40.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,364 shares of the business services provider’s stock after buying an additional 969 shares during the quarter. Impact Partnership Wealth LLC’s holdings in ManpowerGroup were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Gries Financial LLC lifted its position in shares of ManpowerGroup by 8.6% during the 2nd quarter. Gries Financial LLC now owns 21,766 shares of the business services provider’s stock worth $1,519,000 after buying an additional 1,730 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of ManpowerGroup in the 2nd quarter worth approximately $24,508,000. Convergence Investment Partners LLC bought a new stake in shares of ManpowerGroup in the 2nd quarter worth approximately $315,000. nVerses Capital LLC bought a new stake in shares of ManpowerGroup in the 2nd quarter worth approximately $265,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of ManpowerGroup in the 2nd quarter worth approximately $998,000. Institutional investors own 98.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MAN shares. BNP Paribas raised shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price target on the stock in a report on Tuesday, June 11th. BMO Capital Markets lifted 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, JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $82.40.

ManpowerGroup Stock Down 1.2 %

ManpowerGroup stock opened at $71.63 on Friday. ManpowerGroup Inc. has a 1-year low of $66.03 and a 1-year high of $80.25. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 73.85, a P/E/G ratio of 1.89 and a beta of 1.47. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $71.63 and a 200 day simple moving average of $73.13.

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

About ManpowerGroup

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.