Alexander Randolph Advisory Inc. Sells 191 Shares of ManpowerGroup Inc. (NYSE:MAN)

Alexander Randolph Advisory Inc. lowered its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 0.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,861 shares of the business services provider’s stock after selling 191 shares during the period. ManpowerGroup comprises about 2.1% of Alexander Randolph Advisory Inc.’s portfolio, making the stock its 16th biggest position. Alexander Randolph Advisory Inc. owned about 0.07% of ManpowerGroup worth $2,224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Abich Financial Wealth Management LLC grew its position in ManpowerGroup by 62.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new position in ManpowerGroup during the 1st quarter worth about $47,000. Advisors Asset Management Inc. acquired a new position in ManpowerGroup during the 1st quarter worth about $49,000. Headlands Technologies LLC acquired a new position in ManpowerGroup during the 2nd quarter worth about $47,000. Finally, Innealta Capital LLC acquired a new position in ManpowerGroup during the 2nd quarter worth about $50,000. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Down 1.2 %

Shares of NYSE:MAN opened at $69.49 on Thursday. The business’s 50-day moving average is $71.65 and its 200-day moving average is $73.09. ManpowerGroup Inc. has a 1 year low of $66.03 and a 1 year high of $80.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 71.64, a P/E/G ratio of 1.78 and a beta of 1.45.

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

Analyst Ratings Changes

Several research analysts have commented on the company. BMO Capital Markets lifted their target price on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. JPMorgan Chase & Co. dropped their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Finally, BNP Paribas raised ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective on the stock in a research note on Tuesday, June 11th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to 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.