ManpowerGroup Inc. (NYSE:MAN) Short Interest Update


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ManpowerGroup Inc. (NYSE:MAN) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totalling 1,600,000 shares, a growth of 13.5% from the October 15th total of 1,410,000 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 572,000 shares, the short-interest ratio is currently 2.8 days.

MAN stock traded down $0.73 on Friday, reaching $86.61. 737,332 shares of the company’s stock were exchanged, compared to its average volume of 642,491. The stock has a fifty day moving average of $75.93 and a 200-day moving average of $72.41. ManpowerGroup has a twelve month low of $49.57 and a twelve month high of $100.99. The firm has a market cap of $4.98 billion, a PE ratio of 60.15, a P/E/G ratio of 15.15 and a beta of 2.00. The company has a quick ratio of 1.50, a current ratio of 1.48 and a debt-to-equity ratio of 0.41.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Tuesday, October 20th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $0.63 by $0.57. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.26 billion. ManpowerGroup had a net margin of 0.47% and a return on equity of 9.72%. The business’s revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.93 EPS. On average, equities research analysts predict that ManpowerGroup will post 3.24 EPS for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $1.17 per share. This is a positive change from ManpowerGroup’s previous Semi-Annual dividend of $1.09. This represents a yield of 2.7%. The ex-dividend date is Monday, November 30th. ManpowerGroup’s dividend payout ratio is presently 29.26%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC grew its position in ManpowerGroup by 260.0% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 378 shares of the business services provider’s stock valued at $26,000 after buying an additional 273 shares in the last quarter. CI Investments Inc. bought a new position in ManpowerGroup in the 3rd quarter valued at $33,000. Citizens Financial Group Inc RI increased its stake in shares of ManpowerGroup by 164.0% in the 2nd quarter. Citizens Financial Group Inc RI now owns 726 shares of the business services provider’s stock valued at $50,000 after buying an additional 451 shares during the period. Islay Capital Management LLC raised its position in shares of ManpowerGroup by 12.7% during the second quarter. Islay Capital Management LLC now owns 2,558 shares of the business services provider’s stock worth $176,000 after acquiring an additional 288 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new position in ManpowerGroup in the second quarter valued at about $206,000. 93.32% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on MAN. Truist raised ManpowerGroup from a “hold” rating to a “buy” rating and raised their target price for the stock from $64.00 to $90.00 in a research report on Monday, September 21st. JPMorgan Chase & Co. upgraded shares of ManpowerGroup from a “neutral” rating to an “overweight” rating and increased their price target for the company from $76.00 to $88.00 in a research note on Wednesday, October 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $78.25.

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 offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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