Nisa Investment Advisors LLC Buys 24,509 Shares of ManpowerGroup Inc. $MAN

Nisa Investment Advisors LLC boosted its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 18,290.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,643 shares of the business services provider’s stock after buying an additional 24,509 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ManpowerGroup were worth $733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of MAN. AQR Capital Management LLC raised its stake in shares of ManpowerGroup by 60.3% in the third quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock valued at $140,394,000 after acquiring an additional 1,393,622 shares during the period. Alberta Investment Management Corp grew its holdings in ManpowerGroup by 772.9% during the 3rd quarter. Alberta Investment Management Corp now owns 1,059,100 shares of the business services provider’s stock valued at $40,140,000 after purchasing an additional 937,771 shares during the last quarter. Balyasny Asset Management L.P. raised its position in ManpowerGroup by 696.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 991,063 shares of the business services provider’s stock worth $40,039,000 after purchasing an additional 866,693 shares during the period. Millennium Management LLC raised its position in ManpowerGroup by 200.3% in the 3rd quarter. Millennium Management LLC now owns 860,801 shares of the business services provider’s stock worth $32,624,000 after purchasing an additional 574,110 shares during the period. Finally, First Trust Advisors LP lifted its stake in ManpowerGroup by 101.0% in the third quarter. First Trust Advisors LP now owns 494,309 shares of the business services provider’s stock worth $18,734,000 after purchasing an additional 248,354 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

MAN has been the topic of a number of analyst reports. UBS Group set a $35.00 target price on ManpowerGroup in a research note on Friday, January 30th. Argus raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Tuesday, February 3rd. Barclays dropped their price objective on ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of ManpowerGroup in a research note on Friday, March 27th. Finally, Robert W. Baird set a $50.00 target price on ManpowerGroup in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.25.

ManpowerGroup Trading Down 0.1%

ManpowerGroup stock opened at $29.33 on Friday. The stock has a 50-day moving average price of $29.43 and a 200 day moving average price of $30.94. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -97.78 and a beta of 0.84. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. ManpowerGroup Inc. has a 52 week low of $25.15 and a 52 week high of $57.49.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the business earned $1.02 earnings per share. ManpowerGroup’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Company Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.