SRS Capital Advisors Inc. Acquires 562 Shares of ManpowerGroup Inc. (NYSE:MAN)

SRS Capital Advisors Inc. boosted its position in ManpowerGroup Inc. (NYSE:MAN) by 171.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 890 shares of the business services provider’s stock after acquiring an additional 562 shares during the period. SRS Capital Advisors Inc.’s holdings in ManpowerGroup were worth $51,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MAN. WFA Asset Management Corp purchased a new stake in shares of ManpowerGroup in the 4th quarter worth about $35,000. Capital Performance Advisors LLP purchased a new stake in shares of ManpowerGroup in the 3rd quarter worth about $54,000. Blue Trust Inc. lifted its position in shares of ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after purchasing an additional 778 shares during the period. R Squared Ltd purchased a new stake in shares of ManpowerGroup in the 4th quarter worth about $95,000. Finally, Venturi Wealth Management LLC lifted its position in shares of ManpowerGroup by 400.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock worth $122,000 after purchasing an additional 1,333 shares during the period. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Up 1.4 %

Shares of ManpowerGroup stock opened at $62.90 on Friday. 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 stock has a market capitalization of $2.94 billion, a PE ratio of 21.04 and a beta of 1.43. ManpowerGroup Inc. has a 52-week low of $53.31 and a 52-week high of $78.87. The company has a 50-day simple moving average of $57.49 and a two-hundred day simple moving average of $63.50.

Analysts Set New Price Targets

Several research firms have recently commented on MAN. UBS Group dropped their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Truist Financial reissued a “hold” rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Barclays lowered their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.