Foundry Partners LLC Acquires 10,351 Shares of ManpowerGroup Inc. (NYSE:MAN)

Foundry Partners LLC raised its holdings in ManpowerGroup Inc. (NYSE:MAN) by 17.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,082 shares of the business services provider’s stock after buying an additional 10,351 shares during the quarter. Foundry Partners LLC owned 0.15% of ManpowerGroup worth $3,930,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Bryce Point Capital LLC bought a new position in ManpowerGroup during the fourth quarter worth $1,501,000. Trexquant Investment LP increased its holdings in shares of ManpowerGroup by 53.0% during the 4th quarter. Trexquant Investment LP now owns 54,236 shares of the business services provider’s stock worth $3,131,000 after purchasing an additional 18,791 shares during the period. Headlands Technologies LLC raised its position in shares of ManpowerGroup by 443.7% during the fourth quarter. Headlands Technologies LLC now owns 2,588 shares of the business services provider’s stock valued at $149,000 after buying an additional 2,112 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of ManpowerGroup by 6.4% in the fourth quarter. Alliancebernstein L.P. now owns 90,447 shares of the business services provider’s stock valued at $5,221,000 after buying an additional 5,432 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ManpowerGroup during the fourth quarter worth about $424,000. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Stock Down 4.5 %

Shares of NYSE MAN opened at $52.18 on Friday. ManpowerGroup Inc. has a 52-week low of $51.12 and a 52-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 business has a fifty day moving average of $57.86 and a two-hundred day moving average of $61.61. The stock has a market cap of $2.44 billion, a PE ratio of 17.45 and a beta of 1.43.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Truist Financial reaffirmed a “hold” rating and issued a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Barclays reduced their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective 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. Finally, UBS Group decreased their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, ManpowerGroup presently has an average rating of “Hold” and a consensus target price 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.