ManpowerGroup Inc. (NYSE:MAN) Short Interest Update

ManpowerGroup Inc. (NYSE:MAN) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 6,185,623 shares, an increase of 16.4% from the February 12th total of 5,312,777 shares. Based on an average daily volume of 1,793,011 shares, the days-to-cover ratio is presently 3.4 days. Approximately 13.8% of the shares of the company are short sold. Approximately 13.8% of the shares of the company are short sold. Based on an average daily volume of 1,793,011 shares, the days-to-cover ratio is presently 3.4 days.

ManpowerGroup Stock Up 1.1%

MAN stock opened at $26.48 on Tuesday. The stock has a 50-day simple moving average of $30.10 and a two-hundred day simple moving average of $32.04. ManpowerGroup has a twelve month low of $25.15 and a twelve month high of $61.09. The firm has a market capitalization of $1.23 billion, a PE ratio of -88.26 and a beta of 0.91. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the prior year, the firm posted $1.02 EPS. ManpowerGroup’s revenue was up 6.8% on a year-over-year basis. On average, equities analysts predict that ManpowerGroup will post 4.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays reduced their price target on shares of ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Argus raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, February 3rd. BMO Capital Markets upgraded shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research note on Thursday, December 18th. Wall Street Zen upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Robert W. Baird set a $50.00 price objective on ManpowerGroup in a report on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.25.

Institutional Trading of ManpowerGroup

A number of large investors have recently modified their holdings of the business. Quarry LP purchased a new position in shares of ManpowerGroup during the third quarter worth about $25,000. Allworth Financial LP grew its holdings in shares of ManpowerGroup by 321.7% during the 2nd quarter. Allworth Financial LP now owns 662 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 505 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of ManpowerGroup by 103.3% during the third quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock valued at $30,000 after buying an additional 406 shares during the last quarter. True Wealth Design LLC increased its stake in ManpowerGroup by 72.5% in the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock worth $30,000 after purchasing an additional 337 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of ManpowerGroup during the third quarter valued at approximately $30,000. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Company Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.