Semanteon Capital Management LP Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Semanteon Capital Management LP acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,048 shares of the business services provider’s stock, valued at approximately $349,000.

A number of other institutional investors have also recently bought and sold shares of the business. Magnetar Financial LLC acquired a new stake in ManpowerGroup during the 4th quarter worth about $888,000. Teacher Retirement System of Texas boosted its position in ManpowerGroup by 21.5% during the 4th quarter. Teacher Retirement System of Texas now owns 118,854 shares of the business services provider’s stock worth $6,860,000 after acquiring an additional 21,055 shares during the period. Xponance Inc. boosted its position in ManpowerGroup by 11.7% during the 4th quarter. Xponance Inc. now owns 7,446 shares of the business services provider’s stock worth $430,000 after acquiring an additional 782 shares during the period. Advisors Asset Management Inc. boosted its position in ManpowerGroup by 71.3% during the 4th quarter. Advisors Asset Management Inc. now owns 94,311 shares of the business services provider’s stock worth $5,444,000 after acquiring an additional 39,241 shares during the period. Finally, Natixis Advisors LLC acquired a new stake in ManpowerGroup during the 4th quarter worth about $6,489,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MAN shares. Barclays cut their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. UBS Group cut their price target on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Truist Financial reaffirmed a “hold” rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.33.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $57.68 on Friday. ManpowerGroup Inc. has a 1-year low of $53.31 and a 1-year high of $78.87. The firm has a market capitalization of $2.70 billion, a PE ratio of 19.29 and a beta of 1.43. The business’s 50 day moving average is $58.22 and its 200-day moving average is $62.53. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

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.