November 29, 2016 - By Adrian Mccoy · 0 Comments
Manpowergroup Inc (NYSE:MAN) institutional sentiment decreased to 0.81 in Q2 2016. Its down -0.40, from 1.21 in 2016Q1. The ratio fall, as 186 hedge funds increased or opened new holdings, while 154 cut down and sold their holdings in Manpowergroup Inc. The hedge funds in our partner’s database reported: 63.67 million shares, down from 67.46 million shares in 2016Q1. Also, the number of hedge funds holding Manpowergroup Inc in their top 10 holdings decreased from 3 to 0 for a decrease of 3. Sold All: 40 Reduced: 114 Increased: 145 New Position: 41.
ManpowerGroup Inc. is a provider of workforce solutions and services. The company has a market cap of $5.67 billion. The Company’s divisions include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East , Right Management and Corporate. It has a 14.01 P/E ratio. The Company’s Americas segment includes activities in the United States and Other Americas.
About 17,283 shares traded hands. ManpowerGroup Inc. (NYSE:MAN) has risen 6.33% since April 26, 2016 and is uptrending. It has outperformed by 1.07% the S&P500.
Analysts await ManpowerGroup Inc. (NYSE:MAN) to report earnings on February, 1. They expect $1.71 earnings per share, up 3.01% or $0.05 from last year’s $1.66 per share. MAN’s profit will be $113.28 million for 12.51 P/E if the $1.71 EPS becomes a reality. After $1.87 actual earnings per share reported by ManpowerGroup Inc. for the previous quarter, Wall Street now forecasts -8.56% negative EPS growth.
According to Zacks Investment Research, “Manpower Inc. is a leading non-governmental employment services organization. The company’s largest operations, based on revenues, are located in the United States, France and the United Kingdom. The company provides a variety of staffing and workforce management services and solutions, including temporary staffing services, contract services and training and testing of temporary and permanent workers. The company provides employment services to a wide variety of customers.”
Trinity Street Asset Management Llp holds 3.07% of its portfolio in ManpowerGroup Inc. for 205,399 shares. Glenview Capital Management Llc owns 3.52 million shares or 1.6% of their US portfolio. Moreover, Ncm Capital Advisers Inc. has 1.6% invested in the company for 8,677 shares. The Illinois-based Skyline Asset Management Lp has invested 1.55% in the stock. Tradewinds Global Investors Llc, a California-based fund reported 329,120 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 9 insider sales for $10.32 million net activity.
Ratings analysis reveals 50% of ManpowerGroup Inc’s analysts are positive. Out of 12 Wall Street analysts rating ManpowerGroup Inc, 6 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $65 while the high is $110. The stock’s average target of $89 is 3.98% above today’s ($85.59) share price. MAN was included in 26 notes of analysts from July 29, 2015. As per Friday, October 23, the company rating was maintained by Barclays Capital. The firm has “Market Outperform” rating by Avondale given on Monday, April 18. RBC Capital Markets maintained it with “Sector Perform” rating and $98 target price in Thursday, October 22 report. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, July 22. Sterne Agee CRT initiated ManpowerGroup Inc. (NYSE:MAN) rating on Tuesday, March 22. Sterne Agee CRT has “Buy” rating and $92 price target. Barclays Capital downgraded it to “Equal-Weight” rating and $65 target price in Friday, July 1 report. Credit Suisse maintained the stock with “Outperform” rating in Thursday, October 22 report. The firm has “Market Outperform” rating by Avondale given on Monday, April 25. The rating was downgraded by Zacks to “Buy” on Thursday, August 13. The firm has “Mkt Perform” rating by Avondale given on Monday, June 27.
ManpowerGroup Inc., incorporated on April 12, 1990, is a well-known provider of workforce solutions and services. The Company’s divisions are Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), and Right Management. The Americas segment includes activities in the United States and other Americas. The Southern Europe segment includes the activities in France, Italy and other Southern Europe. The Northern Europe segment includes activities in the United Kingdom, the Nordics, Germany and the Netherlands. The Firm provides placement of contingent workers in the Americas, Southern Europe, Northern Europe and APME divisions. The Firm offers other workforce solutions and services, including recruitment and assessment; training and development, and ManpowerGroup solutions. The Right Management segment offers career management and workforce consulting services.
Another recent and important ManpowerGroup Inc. (NYSE:MAN) news was published by Prnewswire.com which published an article titled: “ManpowerGroup Announces Acquisition of Ciber Norway” on August 24, 2016.
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By Adrian Mccoy