ManpowerGroup Inc. (NYSE:MAN) EVP Mara E. Swan sold 11,192 shares of ManpowerGroup stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $93.77, for a total transaction of $1,049,473.84. Following the completion of the sale, the executive vice president now owns 13,493 shares of the company’s stock, valued at $1,265,238.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of MAN opened at $91.85 on Friday. ManpowerGroup Inc. has a one year low of $81.85 and a one year high of $136.93. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 13.05 and a beta of 1.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.48 and a quick ratio of 1.48.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Friday, July 20th. The business services provider reported $2.35 EPS for the quarter, meeting the consensus estimate of $2.35. ManpowerGroup had a net margin of 2.67% and a return on equity of 19.37%. The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same period in the previous year, the business earned $1.72 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. sell-side analysts anticipate that ManpowerGroup Inc. will post 8.94 earnings per share for the current fiscal year.
ManpowerGroup declared that its Board of Directors has approved a stock repurchase plan on Friday, August 3rd that permits the company to buyback 6,000,000 shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
MAN has been the subject of a number of analyst reports. Nomura reiterated a “buy” rating and issued a $130.00 price target on shares of ManpowerGroup in a research report on Sunday, July 22nd. Barclays lowered their price objective on shares of ManpowerGroup from $115.00 to $90.00 and set a “$86.63” rating for the company in a research report on Wednesday, July 18th. Credit Suisse Group assumed coverage on shares of ManpowerGroup in a research report on Friday, August 10th. They set an “outperform” rating and a $115.00 price objective for the company. Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 23rd. Finally, SunTrust Banks restated a “hold” rating and set a $100.00 price objective on shares of ManpowerGroup in a research report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. ManpowerGroup presently has a consensus rating of “Hold” and a consensus price target of $113.70.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Itau Unibanco Holding S.A. grew its stake in shares of ManpowerGroup by 213.0% during the second quarter. Itau Unibanco Holding S.A. now owns 1,643 shares of the business services provider’s stock worth $141,000 after buying an additional 1,118 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of ManpowerGroup during the second quarter worth $170,000. Gideon Capital Advisors Inc. bought a new stake in shares of ManpowerGroup during the first quarter worth $229,000. Verity Asset Management Inc. bought a new stake in shares of ManpowerGroup during the second quarter worth $243,000. Finally, IFM Investors Pty Ltd grew its stake in shares of ManpowerGroup by 43.7% during the second quarter. IFM Investors Pty Ltd now owns 2,982 shares of the business services provider’s stock worth $257,000 after buying an additional 907 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.
ManpowerGroup Company Profile
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.
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