Sciencast Management LP Acquires Shares of 4,106 ManpowerGroup Inc. (NYSE:MAN)

Sciencast Management LP acquired a new stake in ManpowerGroup Inc. (NYSE:MAN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,106 shares of the business services provider’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAN. Vaughan Nelson Investment Management L.P. purchased a new position in ManpowerGroup in the 4th quarter valued at about $34,200,000. Point72 Asset Management L.P. boosted its position in ManpowerGroup by 480.1% in 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 buying an additional 268,866 shares during the last quarter. Bank of New York Mellon Corp boosted its position in ManpowerGroup by 34.5% in 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 buying an additional 191,901 shares during the last quarter. KLCM Advisors Inc. boosted its position in ManpowerGroup by 153.9% in the 4th quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider’s stock valued at $17,119,000 after buying an additional 179,788 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new position in ManpowerGroup in the 4th quarter valued at about $6,489,000. 98.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MAN. Truist Financial reaffirmed 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. UBS Group reduced their price target 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. JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Barclays reduced their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $69.33.

ManpowerGroup Price Performance

MAN opened at $57.68 on Monday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 19.29 and a beta of 1.43. ManpowerGroup Inc. has a fifty-two week low of $53.31 and a fifty-two week high of $78.87. The company’s 50-day moving average price is $58.22 and its 200 day moving average price is $62.39. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

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.