State of New Jersey Common Pension Fund D Increases Holdings in ManpowerGroup Inc. (NYSE:MAN)

State of New Jersey Common Pension Fund D lifted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 29.0% during the 4th quarter, Holdings Channel reports. The fund owned 34,760 shares of the business services provider’s stock after buying an additional 7,813 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in ManpowerGroup were worth $2,006,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Commerce Bank raised 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 buying an additional 167 shares during the period. Harbor Capital Advisors Inc. raised its position 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 purchasing an additional 234 shares during the period. State of Alaska Department of Revenue raised its position in ManpowerGroup by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 235 shares during the period. Captrust Financial Advisors raised its position in ManpowerGroup by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 344 shares during the period. Finally, Blue Trust Inc. raised its position in ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analysts Set New Price Targets

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

ManpowerGroup Price Performance

MAN stock opened at $53.73 on Monday. The business’s 50-day moving average is $57.55 and its two-hundred day moving average is $64.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $2.51 billion, a P/E ratio of 17.97 and a beta of 1.45. ManpowerGroup Inc. has a 1 year low of $53.67 and a 1 year high of $78.87.

About ManpowerGroup

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.