BlueCrest Capital Management Ltd acquired a new position in ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,215 shares of the business services provider’s stock, valued at approximately $405,000.
Several other hedge funds also recently modified their holdings of the company. Profund Advisors LLC lifted its holdings in shares of ManpowerGroup by 6.2% in the 4th quarter. Profund Advisors LLC now owns 7,635 shares of the business services provider’s stock worth $963,000 after acquiring an additional 447 shares during the last quarter. MANA Advisors LLC acquired a new position in shares of ManpowerGroup in the 4th quarter worth approximately $326,000. Pitcairn Co. acquired a new position in shares of ManpowerGroup in the 4th quarter worth approximately $290,000. Koch Industries Inc. acquired a new position in shares of ManpowerGroup in the 4th quarter worth approximately $561,000. Finally, ETRADE Capital Management LLC lifted its holdings in shares of ManpowerGroup by 18.7% in the 4th quarter. ETRADE Capital Management LLC now owns 4,162 shares of the business services provider’s stock worth $525,000 after acquiring an additional 656 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.
In other ManpowerGroup news, COO Darryl Green sold 10,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $117.26, for a total value of $1,172,600.00. Following the sale, the chief operating officer now directly owns 21,233 shares of the company’s stock, valued at approximately $2,489,781.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Richard Buchband sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $118.49, for a total transaction of $118,490.00. Following the completion of the sale, the senior vice president now directly owns 8,457 shares in the company, valued at $1,002,069.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,547 shares of company stock worth $6,842,051. Insiders own 0.87% of the company’s stock.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Friday, February 2nd. The business services provider reported $2.12 EPS for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.07. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the firm posted $1.87 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. equities analysts predict that ManpowerGroup Inc. will post 8.96 earnings per share for the current year.
MAN has been the topic of a number of research reports. ValuEngine upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank reiterated a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Thursday, January 11th. BMO Capital Markets reduced their target price on shares of ManpowerGroup to $136.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Finally, Argus increased their target price on shares of ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a report on Thursday, March 8th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $124.88.
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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