Bryce Point Capital LLC Purchases Shares of 26,007 ManpowerGroup Inc. (NYSE:MAN)

Bryce Point Capital LLC acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,007 shares of the business services provider’s stock, valued at approximately $1,501,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAN. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup during the fourth quarter worth about $35,000. SRS Capital Advisors Inc. grew its position 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 purchasing an additional 562 shares in the last quarter. Blue Trust Inc. increased its stake in ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after buying an additional 778 shares during the last quarter. R Squared Ltd bought a new stake in ManpowerGroup during the 4th quarter worth about $95,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock worth $133,000 after buying an additional 587 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock opened at $58.65 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.61 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 50-day simple moving average of $58.18 and a two-hundred day simple moving average of $61.81.

Analyst Upgrades and Downgrades

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