Dynamic Technology Lab Private Ltd Purchases 10,216 Shares of ManpowerGroup Inc. (MAN)

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Dynamic Technology Lab Private Ltd raised its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 105.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,938 shares of the business services provider’s stock after purchasing an additional 10,216 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in ManpowerGroup were worth $1,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meridian Wealth Management LLC raised its stake in shares of ManpowerGroup by 26.9% in the 1st quarter. Meridian Wealth Management LLC now owns 2,640 shares of the business services provider’s stock valued at $304,000 after acquiring an additional 560 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of ManpowerGroup by 6.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 8,679 shares of the business services provider’s stock valued at $747,000 after acquiring an additional 560 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of ManpowerGroup by 1.8% in the 1st quarter. Mason Street Advisors LLC now owns 33,230 shares of the business services provider’s stock valued at $3,825,000 after acquiring an additional 581 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of ManpowerGroup by 4.1% in the 1st quarter. Thrivent Financial for Lutherans now owns 14,991 shares of the business services provider’s stock valued at $1,725,000 after acquiring an additional 597 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of ManpowerGroup by 2.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 24,174 shares of the business services provider’s stock valued at $2,080,000 after acquiring an additional 599 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Shares of NYSE MAN opened at $88.25 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 12.54 and a beta of 1.22. ManpowerGroup Inc. has a 12 month low of $81.85 and a 12 month high of $136.93.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, July 20th. The business services provider reported $2.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.35. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.88 billion. ManpowerGroup had a return on equity of 19.37% and a net margin of 2.67%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 EPS. research analysts forecast 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 buyback program on Friday, August 3rd that allows the company to repurchase 6,000,000 outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

A number of research analysts recently weighed in on MAN shares. SunTrust Banks reissued a “hold” rating and issued a $100.00 price objective on shares of ManpowerGroup in a research note on Monday, July 23rd. Barclays cut their price objective on ManpowerGroup from $115.00 to $90.00 and set a “$86.63” rating on the stock in a research note on Wednesday, July 18th. BMO Capital Markets cut their price objective on ManpowerGroup from $107.00 to $96.00 and set an “outperform” rating on the stock in a research note on Monday, July 23rd. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 23rd. Finally, ValuEngine downgraded ManpowerGroup from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $113.70.

In other ManpowerGroup news, Director Ulice Payne, Jr. sold 1,350 shares of ManpowerGroup stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $89.43, for a total value of $120,730.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mara E. Swan sold 11,192 shares of ManpowerGroup stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $93.77, for a total value of $1,049,473.84. Following the completion of the transaction, the executive vice president now directly owns 13,493 shares in the company, valued at $1,265,238.61. The disclosure for this sale can be found here. Insiders own 1.02% 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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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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