Teacher Retirement System of Texas Acquires 21,055 Shares of ManpowerGroup Inc. (NYSE:MAN)

Teacher Retirement System of Texas grew its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 21.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 118,854 shares of the business services provider’s stock after buying an additional 21,055 shares during the period. Teacher Retirement System of Texas’ holdings in ManpowerGroup were worth $6,860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in ManpowerGroup by 0.5% during the third quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after purchasing an additional 4,113 shares during the period. Bank of New York Mellon Corp boosted its position in ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock worth $43,189,000 after purchasing an additional 191,901 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in ManpowerGroup during the fourth quarter worth about $34,200,000. Jacobs Levy Equity Management Inc. boosted its position in shares of 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 valued at $40,414,000 after acquiring an additional 32,083 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of ManpowerGroup by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,917 shares of the business services provider’s stock valued at $29,144,000 after acquiring an additional 23,741 shares during the period. Institutional investors own 98.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ManpowerGroup Trading Down 2.4 %

Shares of ManpowerGroup stock opened at $57.68 on Monday. ManpowerGroup Inc. has a 1 year low of $53.31 and a 1 year high of $78.87. The firm has a market cap of $2.70 billion, a PE ratio of 19.29 and a beta of 1.43. 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 company has a 50 day simple moving average of $58.22 and a two-hundred day simple moving average of $62.39.

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.