New York State Teachers Retirement System lessened its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 100,266 shares of the business services provider’s stock after selling 1,300 shares during the period. New York State Teachers Retirement System’s holdings in ManpowerGroup were worth $8,291,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of MAN. Fort L.P. raised its position in ManpowerGroup by 926.4% in the 4th quarter. Fort L.P. now owns 544 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 491 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of ManpowerGroup by 6,258.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,212,136 shares of the business services provider’s stock worth $50,000 after acquiring an additional 3,161,617 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of ManpowerGroup during the fourth quarter worth $84,000. First Mercantile Trust Co. bought a new stake in shares of ManpowerGroup during the first quarter worth $123,000. Finally, Daiwa Securities Group Inc. raised its position in shares of ManpowerGroup by 8.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the business services provider’s stock worth $157,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 90.90% of the company’s stock.
A number of research firms have recently weighed in on MAN. BMO Capital Markets boosted their target price on ManpowerGroup to $93.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. ValuEngine raised ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. Royal Bank of Canada began coverage on ManpowerGroup in a research note on Tuesday, April 16th. They set an “outperform” rating and a $114.00 price objective for the company. Zacks Investment Research cut ManpowerGroup from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Finally, TheStreet raised ManpowerGroup from a “c+” rating to a “b-” rating in a research note on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. ManpowerGroup has an average rating of “Hold” and a consensus target price of $97.09.
ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, April 18th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.04. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. ManpowerGroup’s revenue was down 8.6% on a year-over-year basis. Equities research analysts predict that ManpowerGroup Inc. will post 7.84 EPS for the current year.
The business also recently announced a semiannual dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be issued a dividend of $1.09 per share. This represents a yield of 2.43%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from ManpowerGroup’s previous semiannual dividend of $1.01. ManpowerGroup’s dividend payout ratio is presently 22.57%.
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ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.
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