Nisa Investment Advisors LLC Has $424,000 Holdings in ManpowerGroup Inc. (NYSE:MAN)

Nisa Investment Advisors LLC raised its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 128.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,339 shares of the business services provider’s stock after purchasing an additional 3,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ManpowerGroup were worth $424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAN. Schroder Investment Management Group acquired a new stake in ManpowerGroup during the 3rd quarter valued at approximately $94,417,000. Invesco Ltd. grew its position in shares of ManpowerGroup by 67.2% during the 1st quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider’s stock worth $172,812,000 after buying an additional 739,380 shares during the period. Norges Bank acquired a new stake in shares of ManpowerGroup during the 4th quarter worth approximately $41,325,000. Victory Capital Management Inc. grew its position in shares of ManpowerGroup by 11.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,622,221 shares of the business services provider’s stock worth $265,581,000 after buying an additional 373,473 shares during the period. Finally, Millennium Management LLC grew its position in shares of ManpowerGroup by 816.4% during the 2nd quarter. Millennium Management LLC now owns 293,212 shares of the business services provider’s stock worth $22,404,000 after buying an additional 261,217 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Price Performance

MAN opened at $70.07 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 41.96, a P/E/G ratio of 0.60 and a beta of 1.54. The firm’s fifty day moving average price is $73.26 and its two-hundred day moving average price is $74.35. ManpowerGroup Inc. has a 1 year low of $67.35 and a 1 year high of $88.91.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Tuesday, January 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.26. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.57 billion. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.08 EPS. As a group, analysts anticipate that ManpowerGroup Inc. will post 5.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial raised their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. William Blair initiated coverage on shares of ManpowerGroup in a research report on Monday, January 8th. They set a “market perform” rating for the company. BNP Paribas reissued an “underperform” rating and issued a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. StockNews.com downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets reduced their price target on shares of ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.00.

ManpowerGroup 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.