Versor Investments LP Purchases 8,117 Shares of ManpowerGroup Inc. (NYSE:MAN)

Versor Investments LP boosted its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 93.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,838 shares of the business services provider’s stock after buying an additional 8,117 shares during the quarter. Versor Investments LP’s holdings in ManpowerGroup were worth $972,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MAN. Pacer Advisors Inc. raised its holdings in ManpowerGroup by 12,496.6% in the 3rd 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 in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in ManpowerGroup during the 4th quarter valued at about $34,200,000. Point72 Asset Management L.P. grew its position in ManpowerGroup by 480.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after purchasing an additional 268,866 shares during the last quarter. Bank of New York Mellon Corp grew its position in ManpowerGroup by 34.5% during the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock valued at $43,189,000 after purchasing an additional 191,901 shares during the last quarter. Finally, KLCM Advisors Inc. grew its position in ManpowerGroup by 153.9% during the 4th quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider’s stock valued at $17,119,000 after purchasing an additional 179,788 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Performance

Shares of NYSE MAN opened at $55.85 on Friday. The firm has a 50 day moving average of $57.33 and a 200 day moving average of $63.91. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 18.68 and a beta of 1.45. ManpowerGroup Inc. has a 12-month low of $53.31 and a 12-month high of $78.87.

Analyst Upgrades and Downgrades

MAN has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial reaffirmed a “hold” rating and set a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. 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 report on Friday, January 31st. 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 report on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $69.33.

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.