Fox Run Management L.L.C. Takes Position in ManpowerGroup Inc. (NYSE:MAN)

Fox Run Management L.L.C. acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) during the fourth quarter, Holdings Channel.com reports. The fund acquired 13,002 shares of the business services provider’s stock, valued at approximately $750,000.

A number of other hedge funds also recently made changes to their positions in the company. Commerce Bank raised its stake in shares of ManpowerGroup by 4.1% during the third quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 167 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock valued at $2,745,000 after purchasing an additional 234 shares during the period. Captrust Financial Advisors raised its stake in shares of ManpowerGroup by 11.8% during the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 344 shares during the period. KBC Group NV raised its stake in shares of ManpowerGroup by 1.0% during the fourth quarter. KBC Group NV now owns 54,109 shares of the business services provider’s stock valued at $3,123,000 after purchasing an additional 536 shares during the period. Finally, Alexander Randolph Advisory Inc. raised its stake in shares of ManpowerGroup by 1.7% during the fourth quarter. Alexander Randolph Advisory Inc. now owns 33,148 shares of the business services provider’s stock valued at $1,913,000 after purchasing an additional 545 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MAN. Barclays decreased their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. UBS Group decreased their price target 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. Truist Financial reissued a “hold” rating and set a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Stock Performance

ManpowerGroup stock opened at $57.68 on Monday. The company has a market cap of $2.70 billion, a PE ratio of 19.29 and a beta of 1.43. The company has a fifty day moving average price of $58.22 and a two-hundred day moving average price of $62.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87.

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.