Royce & Associates LP Sells 12,300 Shares of ManpowerGroup Inc. (NYSE:MAN)

Royce & Associates LP reduced its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 16.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,027 shares of the business services provider’s stock after selling 12,300 shares during the quarter. Royce & Associates LP’s holdings in ManpowerGroup were worth $3,580,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MAN. Pacer Advisors Inc. grew its stake in shares of ManpowerGroup by 12,496.6% during the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after acquiring an additional 894,379 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of ManpowerGroup during the 4th quarter worth approximately $34,200,000. Point72 Asset Management L.P. grew its stake in shares of 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 worth $23,884,000 after acquiring an additional 268,866 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 worth $43,189,000 after acquiring an additional 191,901 shares in the last quarter. Finally, KLCM Advisors Inc. grew its stake in shares of ManpowerGroup by 153.9% during the 4th quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider’s stock worth $17,119,000 after acquiring an additional 179,788 shares in the last quarter. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Trading Down 0.6 %

MAN stock opened at $60.34 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The company has a fifty day moving average price of $58.09 and a two-hundred day moving average price of $62.67. ManpowerGroup Inc. has a one year low of $53.31 and a one year high of $78.87. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 20.18 and a beta of 1.43.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MAN. Truist Financial reaffirmed a “hold” rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup 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 note 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.33.

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.