Seaward Management Limited Partnership decreased its position in ManpowerGroup (NYSE:MAN) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the business services provider’s stock after selling 500 shares during the period. Seaward Management Limited Partnership’s holdings in ManpowerGroup were worth $558,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc increased its position in shares of ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after buying an additional 116 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of ManpowerGroup during the first quarter worth approximately $101,000. First Quadrant L P CA bought a new position in shares of ManpowerGroup during the second quarter worth approximately $123,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of ManpowerGroup by 31.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,255 shares of the business services provider’s stock worth $129,000 after buying an additional 300 shares in the last quarter. Finally, Exane Derivatives increased its position in shares of ManpowerGroup by 166.7% in the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after buying an additional 862 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup (NYSE:MAN) opened at 107.90 on Wednesday. ManpowerGroup has a one year low of $67.30 and a one year high of $119.59. The company has a 50-day moving average price of $110.93 and a 200-day moving average price of $102.79. The firm has a market capitalization of $7.27 billion, a P/E ratio of 16.51 and a beta of 1.39.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by $0.01. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the business earned $1.60 EPS. ManpowerGroup’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that ManpowerGroup will post $6.75 EPS for the current year.

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A number of equities analysts have recently commented on the company. BidaskClub downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. Credit Suisse Group reissued a “neutral” rating and set a $111.00 price objective (up from $106.00) on shares of ManpowerGroup in a research report on Tuesday, July 25th. BMO Capital Markets boosted their price objective on ManpowerGroup from $113.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $111.00 price objective (up from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $102.71.

In other ManpowerGroup news, SVP Richard Buchband sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $109.00, for a total transaction of $136,250.00. Following the completion of the sale, the senior vice president now owns 3,884 shares in the company, valued at approximately $423,356. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Sriram Chandrashekar sold 19,912 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $105.39, for a total value of $2,098,525.68. Following the sale, the executive vice president now owns 1,659 shares of the company’s stock, valued at approximately $174,842.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,715 shares of company stock valued at $12,904,283. 0.87% of the stock is owned by insiders.

About ManpowerGroup

ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.

Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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