Hexagon Capital Partners LLC Purchases 458 Shares of ManpowerGroup Inc. (NYSE:MAN)

Hexagon Capital Partners LLC increased its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 33.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,822 shares of the business services provider’s stock after buying an additional 458 shares during the period. Hexagon Capital Partners LLC’s holdings in ManpowerGroup were worth $127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of ManpowerGroup in the fourth quarter worth about $247,000. Raymond James & Associates lifted its holdings in shares of ManpowerGroup by 5.2% during the fourth quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock worth $280,000 after buying an additional 173 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ManpowerGroup in the fourth quarter valued at approximately $968,000. Nisa Investment Advisors LLC grew its stake in shares of ManpowerGroup by 128.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,339 shares of the business services provider’s stock worth $424,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in ManpowerGroup by 42.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 133,937 shares of the business services provider’s stock worth $10,644,000 after purchasing an additional 40,221 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock traded down $1.03 during midday trading on Friday, hitting $70.11. 248,077 shares of the company were exchanged, compared to its average volume of 405,176. The firm has a 50 day simple moving average of $71.61 and a 200-day simple moving average of $73.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.17. The firm has a market cap of $3.34 billion, a P/E ratio of 72.28, a PEG ratio of 1.91 and a beta of 1.47. ManpowerGroup Inc. has a 52 week low of $66.03 and a 52 week high of $80.57.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.03. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. Research analysts forecast that ManpowerGroup Inc. will post 4.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MAN. BMO Capital Markets increased their target price on shares of ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. BNP Paribas raised ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective on the stock in a report on Tuesday, June 11th. JPMorgan Chase & Co. cut their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Finally, UBS Group reduced their target price on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and an average target price of $82.40.

About ManpowerGroup

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.