State of New Jersey Common Pension Fund D Purchases 2,199 Shares of ManpowerGroup Inc. (NYSE:MAN)

State of New Jersey Common Pension Fund D grew its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 33,460 shares of the business services provider’s stock after acquiring an additional 2,199 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.07% of ManpowerGroup worth $2,659,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAN. Schroder Investment Management Group bought a new position in shares of ManpowerGroup during the 3rd quarter valued at approximately $94,417,000. Victory Capital Management Inc. boosted 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 valued at $265,581,000 after acquiring an additional 373,473 shares during the last quarter. Invesco Ltd. boosted its position in shares of ManpowerGroup by 22.5% during the 3rd quarter. Invesco Ltd. now owns 1,283,262 shares of the business services provider’s stock valued at $94,089,000 after acquiring an additional 235,578 shares during the last quarter. KLCM Advisors Inc. purchased a new stake in ManpowerGroup during the 4th quarter valued at $8,151,000. Finally, Wellington Management Group LLP raised its holdings in ManpowerGroup by 9.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,079,177 shares of the business services provider’s stock valued at $79,125,000 after buying an additional 92,090 shares during the period. 98.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAN has been the topic of several recent research reports. StockNews.com lowered ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Truist Financial increased their price target on ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. UBS Group decreased their price target on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. BMO Capital Markets increased their price target on ManpowerGroup from $81.00 to $84.00 and gave the company a “market perform” rating in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. increased their price target on ManpowerGroup from $82.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $83.00.

ManpowerGroup Stock Performance

Shares of ManpowerGroup stock opened at $75.42 on Wednesday. The firm has a market cap of $3.65 billion, a P/E ratio of 78.22, a P/E/G ratio of 1.59 and a beta of 1.54. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 12 month low of $67.35 and a 12 month high of $88.91. The stock’s fifty day moving average price is $73.91 and its 200-day moving average price is $74.52.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. On average, equities research analysts expect that ManpowerGroup Inc. will post 4.99 earnings per share for the current fiscal year.

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.