Vaughan Nelson Investment Management L.P. Takes $34.20 Million Position in ManpowerGroup Inc. (NYSE:MAN)

Vaughan Nelson Investment Management L.P. acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 592,520 shares of the business services provider’s stock, valued at approximately $34,200,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of ManpowerGroup by 12,496.6% during the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after purchasing an additional 894,379 shares during the last quarter. Geode Capital Management LLC boosted its position in ManpowerGroup by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after buying an additional 4,113 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in ManpowerGroup by 6.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock worth $40,414,000 after acquiring an additional 32,083 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in ManpowerGroup by 4.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 403,070 shares of the business services provider’s stock valued at $29,634,000 after acquiring an additional 15,407 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of ManpowerGroup by 480.1% during the third quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after acquiring an additional 268,866 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. 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 note on Friday, January 31st. BMO Capital Markets decreased their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. UBS Group decreased their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Barclays dropped their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Trading Down 0.0 %

Shares of MAN stock opened at $57.06 on Friday. ManpowerGroup Inc. has a fifty-two week low of $53.70 and a fifty-two week high of $78.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The stock has a 50 day simple moving average of $58.91 and a two-hundred day simple moving average of $65.59. The company has a market cap of $2.68 billion, a P/E ratio of 19.08 and a beta of 1.45.

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.