Dimensional Fund Advisors LP Has $160.54 Million Holdings in ManpowerGroup Inc. (NYSE:MAN)

Dimensional Fund Advisors LP raised its stake in ManpowerGroup Inc. (NYSE:MAN) by 4.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,299,985 shares of the business services provider’s stock after buying an additional 103,059 shares during the quarter. Dimensional Fund Advisors LP’s holdings in ManpowerGroup were worth $160,539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAN. Abich Financial Wealth Management LLC increased its position in ManpowerGroup by 62.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 224 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in ManpowerGroup in the 1st quarter valued at about $47,000. Headlands Technologies LLC acquired a new stake in ManpowerGroup in the 2nd quarter valued at about $47,000. Advisors Asset Management Inc. acquired a new stake in ManpowerGroup in the 1st quarter valued at about $49,000. Finally, Innealta Capital LLC acquired a new stake in ManpowerGroup in the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAN. BMO Capital Markets raised their price objective on shares of ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. BNP Paribas upgraded shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price target for the company in a research report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, ManpowerGroup has an average rating of “Hold” and an average price target of $82.40.

ManpowerGroup Stock Down 2.0 %

Shares of NYSE:MAN opened at $73.71 on Friday. ManpowerGroup Inc. has a one year low of $66.03 and a one year high of $80.25. The company has a 50 day moving average of $72.13 and a 200-day moving average of $73.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 75.99, a P/E/G ratio of 1.78 and a beta of 1.45.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.53 billion. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 earnings per share. On average, sell-side analysts forecast that ManpowerGroup Inc. will post 4.87 earnings per share for the current year.

ManpowerGroup Company Profile

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.