NJ State Employees Deferred Compensation Plan continued to hold its position in shares of ManpowerGroup (NYSE:MAN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the business services provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in ManpowerGroup were worth $335,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in shares of ManpowerGroup by 39.8% in the first quarter. Russell Investments Group Ltd. now owns 520,809 shares of the business services provider’s stock valued at $53,432,000 after buying an additional 148,161 shares during the period. Teachers Advisors LLC raised its position in shares of ManpowerGroup by 4.1% in the first quarter. Teachers Advisors LLC now owns 222,883 shares of the business services provider’s stock valued at $22,861,000 after buying an additional 8,833 shares during the period. First Trust Advisors LP raised its position in shares of ManpowerGroup by 0.4% in the first quarter. First Trust Advisors LP now owns 309,270 shares of the business services provider’s stock valued at $31,722,000 after buying an additional 1,245 shares during the period. Creative Planning raised its position in shares of ManpowerGroup by 6.0% in the first quarter. Creative Planning now owns 5,964 shares of the business services provider’s stock valued at $612,000 after buying an additional 335 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new position in shares of ManpowerGroup during the first quarter valued at about $57,066,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

Shares of ManpowerGroup (NYSE MAN) opened at 108.84 on Thursday. 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 $110.92 and a 200-day moving average price of $103.20. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 16.65 and a beta of 1.39.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by $0.01. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.60 EPS. Equities analysts predict that ManpowerGroup will post $6.75 earnings per share for the current fiscal year.

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MAN has been the subject of several recent analyst reports. BidaskClub lowered ManpowerGroup from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Credit Suisse Group restated a “neutral” rating and set a $111.00 target price (up previously from $106.00) on shares of ManpowerGroup in a research report on Tuesday, July 25th. Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $111.00 target price (up previously from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $102.71.

In related news, SVP Richard Buchband sold 1,250 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $109.00, for a total transaction of $136,250.00. Following the completion of the transaction, the senior vice president now owns 3,884 shares of the company’s stock, valued at approximately $423,356. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Darryl Green sold 76,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the transaction, the chief operating officer now directly owns 36,454 shares of the company’s stock, valued at approximately $3,857,926.82. The disclosure for this sale can be found here. Insiders have sold a total of 121,715 shares of company stock valued at $12,904,283 in the last ninety days. 0.87% of the stock is currently owned by corporate 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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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