12,865 Shares in ManpowerGroup Inc. (NYSE:MAN) Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC purchased a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,865 shares of the business services provider’s stock, valued at approximately $743,000.

A number of other large investors have also recently bought and sold shares of MAN. Commerce Bank boosted its position in shares of ManpowerGroup by 4.1% during the 3rd 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 in the last quarter. Harbor Capital Advisors Inc. lifted its stake in ManpowerGroup by 0.5% in 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 buying an additional 234 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of ManpowerGroup by 4.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock worth $405,000 after buying an additional 235 shares in the last quarter. Impact Partnership Wealth LLC grew its position in shares of ManpowerGroup by 9.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock worth $271,000 after buying an additional 329 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of ManpowerGroup by 11.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 344 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Truist Financial restated a “hold” rating and issued a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. UBS Group reduced their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Barclays reduced their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $69.33.

ManpowerGroup Price Performance

MAN stock opened at $55.00 on Thursday. The company has a market capitalization of $2.58 billion, a P/E ratio of 18.39 and a beta of 1.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. ManpowerGroup Inc. has a 52-week low of $53.70 and a 52-week high of $78.87. The business has a 50-day simple moving average of $57.81 and a two-hundred day simple moving average of $64.50.

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.