ManpowerGroup Inc. (NYSE:MAN) Holdings Cut by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in ManpowerGroup Inc. (NYSE:MAN) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,102 shares of the business services provider’s stock after selling 4,708 shares during the period. New York State Teachers Retirement System owned about 0.11% of ManpowerGroup worth $3,065,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in ManpowerGroup by 12,496.6% in the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after acquiring an additional 894,379 shares during the last quarter. Geode Capital Management LLC lifted its holdings in ManpowerGroup by 0.5% in the third quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after acquiring an additional 4,113 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in ManpowerGroup in the fourth quarter worth about $34,200,000. Jacobs Levy Equity Management Inc. lifted its holdings in ManpowerGroup by 6.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock worth $40,414,000 after acquiring an additional 32,083 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in ManpowerGroup by 4.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 403,070 shares of the business services provider’s stock worth $29,634,000 after acquiring an additional 15,407 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

NYSE MAN opened at $53.73 on Friday. ManpowerGroup Inc. has a 12 month low of $53.67 and a 12 month high of $78.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $2.52 billion, a PE ratio of 17.97 and a beta of 1.45. The company’s 50 day simple moving average is $57.55 and its 200 day simple moving average is $64.32.

Analysts Set New Price Targets

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

ManpowerGroup 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.