Seven Eight Capital LP Has $896,000 Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Seven Eight Capital LP lowered its stake in ManpowerGroup Inc. (NYSE:MAN) by 18.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,542 shares of the business services provider’s stock after selling 2,545 shares during the quarter. Seven Eight Capital LP’s holdings in ManpowerGroup were worth $896,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Venturi Wealth Management LLC grew its holdings in ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after purchasing an additional 160 shares during the period. FinTrust Capital Advisors LLC bought a new position in ManpowerGroup during the first quarter worth about $47,000. Hexagon Capital Partners LLC grew its holdings in ManpowerGroup by 145.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock worth $86,000 after purchasing an additional 644 shares during the period. TFO Wealth Partners LLC grew its holdings in ManpowerGroup by 52,475.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,103 shares of the business services provider’s stock worth $167,000 after purchasing an additional 2,099 shares during the period. Finally, M&T Bank Corp bought a new position in ManpowerGroup during the fourth quarter worth about $206,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of NYSE:MAN traded down $0.59 during trading on Tuesday, reaching $71.93. 496,648 shares of the stock were exchanged, compared to its average volume of 406,817. ManpowerGroup Inc. has a 12 month low of $66.03 and a 12 month high of $82.38. The firm has a market cap of $3.43 billion, a PE ratio of 74.15, a PEG ratio of 1.50 and a beta of 1.47. The stock has a 50-day moving average price of $72.11 and a 200-day moving average price of $73.65. The company has a current ratio of 1.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The business’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 earnings per share. Research analysts expect that ManpowerGroup Inc. will post 5 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were paid a $1.54 dividend. This is a boost from ManpowerGroup’s previous semi-annual dividend of $1.47. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 3rd. ManpowerGroup’s payout ratio is 317.53%.

Analyst Ratings Changes

A number of research firms recently commented on MAN. BNP Paribas upgraded ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price target for the company in a report on Tuesday, June 11th. UBS Group reduced their price target on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, April 19th. BMO Capital Markets lifted their price target on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $82.40.

ManpowerGroup Profile

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.