ManpowerGroup Inc. (NYSE:MAN) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,566 shares of the business services provider’s stock after selling 6,325 shares during the quarter. California Public Employees Retirement System owned approximately 0.21% of ManpowerGroup worth $7,992,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of ManpowerGroup by 11.5% during the third 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. Schroder Investment Management Group acquired a new position in shares of ManpowerGroup during the third quarter valued at approximately $94,417,000. Invesco Ltd. raised its holdings in shares of ManpowerGroup by 22.5% during the third 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. Wellington Management Group LLP raised its holdings in shares of ManpowerGroup by 9.3% during the third quarter. Wellington Management Group LLP now owns 1,079,177 shares of the business services provider’s stock valued at $79,125,000 after acquiring an additional 92,090 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of ManpowerGroup by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 556,715 shares of the business services provider’s stock valued at $40,818,000 after purchasing an additional 5,099 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com cut ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. BNP Paribas reaffirmed an “underperform” rating and issued a $70.00 price target on shares of ManpowerGroup in a report on Friday, January 5th. William Blair assumed coverage on ManpowerGroup in a report on Monday, January 8th. They issued a “market perform” rating for the company. UBS Group cut their price target on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, April 19th. 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 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.00.

ManpowerGroup Trading Down 0.8 %

Shares of ManpowerGroup stock opened at $75.56 on Friday. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 77.90, a PEG ratio of 1.58 and a beta of 1.50. ManpowerGroup Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $88.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.17. The stock has a 50 day moving average of $74.21 and a 200 day moving average of $74.58.

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

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.