Aigen Investment Management LP Purchases Shares of 10,122 ManpowerGroup Inc. (NYSE:MAN)

Aigen Investment Management LP purchased a new stake in ManpowerGroup Inc. (NYSE:MAN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,122 shares of the business services provider’s stock, valued at approximately $584,000.

Other large investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp acquired a new stake in ManpowerGroup in the fourth quarter valued at $35,000. Capital Performance Advisors LLP acquired a new stake in ManpowerGroup in the third quarter valued at $54,000. SRS Capital Advisors Inc. lifted its stake in ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 562 shares during the last quarter. Blue Trust Inc. lifted its stake in ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 778 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in ManpowerGroup in the fourth quarter valued at $95,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock opened at $62.04 on Friday. ManpowerGroup Inc. has a twelve month low of $53.31 and a twelve month high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $57.40 and a two-hundred day simple moving average of $63.51. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 20.75 and a beta of 1.45.

Analyst Upgrades and Downgrades

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