6,134 Shares in ManpowerGroup Inc. (MAN) Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,134 shares of the business services provider’s stock, valued at approximately $507,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Advisors LLC lifted its position in ManpowerGroup by 80.0% during the first quarter. Boston Advisors LLC now owns 47,156 shares of the business services provider’s stock worth $3,899,000 after buying an additional 20,958 shares in the last quarter. BB&T Corp boosted its position in shares of ManpowerGroup by 1.9% during the 1st quarter. BB&T Corp now owns 11,379 shares of the business services provider’s stock worth $941,000 after acquiring an additional 214 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of ManpowerGroup by 425.7% during the 1st quarter. Meeder Asset Management Inc. now owns 12,155 shares of the business services provider’s stock worth $1,005,000 after acquiring an additional 9,843 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of ManpowerGroup by 2.4% during the 1st quarter. Retirement Systems of Alabama now owns 158,597 shares of the business services provider’s stock worth $13,114,000 after acquiring an additional 3,648 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in shares of ManpowerGroup by 37.6% in the 1st quarter. First Citizens Bank & Trust Co. now owns 6,123 shares of the business services provider’s stock valued at $506,000 after purchasing an additional 1,672 shares during the period. 91.65% of the stock is currently owned by institutional investors and hedge funds.

MAN stock opened at $93.30 on Wednesday. ManpowerGroup Inc. has a 52-week low of $61.57 and a 52-week high of $97.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.44 and a current ratio of 1.43. The firm has a market cap of $5.76 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 3.96 and a beta of 1.55.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, April 18th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.04. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $5 billion. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. The business’s revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 earnings per share. As a group, equities research analysts predict that ManpowerGroup Inc. will post 7.77 EPS for the current fiscal year.

In other ManpowerGroup news, Director Ulice Payne, Jr. sold 1,750 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $85.40, for a total value of $149,450.00. Following the transaction, the director now directly owns 8,036 shares of the company’s stock, valued at $686,274.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard Buchband sold 3,471 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $83.15, for a total value of $288,613.65. Following the completion of the transaction, the senior vice president now directly owns 4,986 shares in the company, valued at $414,585.90. The disclosure for this sale can be found here. Insiders sold a total of 19,927 shares of company stock worth $1,686,603 over the last ninety days. Corporate insiders own 1.49% of the company’s stock.

A number of analysts recently issued reports on MAN shares. BMO Capital Markets cut ManpowerGroup from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $83.00 to $81.00 in a research report on Friday, February 1st. TheStreet raised ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. ValuEngine raised ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Royal Bank of Canada started coverage on ManpowerGroup in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $114.00 target price for the company. Finally, Zacks Investment Research cut ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $97.09.

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About ManpowerGroup

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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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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