Saddle Road Partners buys $615,808 stake in ManpowerGroup (MAN)

ManpowerGroup (MAN) : Saddle Road Partners scooped up 612 additional shares in ManpowerGroup during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 7,596 shares of ManpowerGroup which is valued at $615,808.ManpowerGroup makes up approximately 0.13% of Saddle Road Partners’s portfolio.

ManpowerGroup closed down -2.16 points or -2.65% at $79.37 with 10,65,589 shares getting traded on Wednesday. Post opening the session at $81.19, the shares hit an intraday low of $77.64 and an intraday high of $82.32 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in MAN during the most recent quarter. The investment firm sold 1,564 shares of MAN which is valued $126,793.First Citizens Bank Trust Co boosted its stake in MAN in the latest quarter, The investment management firm added 3,693 additional shares and now holds a total of 9,658 shares of ManpowerGroup which is valued at $782,974. ManpowerGroup makes up approx 0.06% of First Citizens Bank Trust Co’s portfolio.

On the company’s financial health, ManpowerGroup reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.93. The company had revenue of $4587.00 million for the quarter, compared to analysts expectations of $4638.68 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on ManpowerGroup. Nomura Initiated ManpowerGroup on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $102.ManpowerGroup was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016. Shares were Reiterated by Barclays on Feb 10, 2016 to “Overweight” and Lowered the Price Target to $ 85 from a previous price target of $100 .

ManpowerGroup Inc. is a provider of workforce solutions and services. The Company’s segments are Americas Southern Europe Northern Europe Asia Pacific Middle East (APME) and Right Management. The Americas segment includes operations in the United States and other Americas. The Southern Europe segment includes the operations in France Italy and other Southern Europe. The Northern Europe segment includes operations in the United Kingdom the Nordics Germany and the Netherlands. It provides placement of contingent workers in the Americas Southern Europe Northern Europe and APME segments. It offers other workforce solutions and services including recruitment and assessment; training and development and ManpowerGroup solutions. The Right Management segment offers career management and workforce consulting services. The Company offers various brands including Manpower Experis Right Management and ManpowerGroup Solutions.

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