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Insider Purchase: EVP of Manpower Group (MAN) Buys 8,000 Shares

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John T McGinnis, the EVP of Manpower Group ($MAN), bought 8,000 shares of the company on 10-23-2024. We received data on the trade from a recent SEC filing. This increased their holdings by approximately 12.8%. Following this trade, they now own 70,639 shares of Manpower Group stock.

Manpower Group Insider Trading Activity

Manpower Group insiders have traded $MAN stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $MAN stock by insiders over the last 6 months:

  • JOHN T MCGINNIS (EVP, CFO) purchased 8,000 shares.
  • ULICE JR PAYNE sold 795 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Manpower Group Hedge Fund Activity

We have seen 162 institutional investors add shares of Manpower Group stock to their portfolio, and 153 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • THRIVENT FINANCIAL FOR LUTHERANS removed 595,919 shares (-98.1%) from their portfolio in Q2 2024
  • AQR CAPITAL MANAGEMENT LLC added 573,027 shares (+55.3%) to their portfolio in Q2 2024
  • DEPRINCE RACE & ZOLLO INC removed 459,970 shares (-100.0%) from their portfolio in Q2 2024
  • FMR LLC removed 442,306 shares (-24.0%) from their portfolio in Q2 2024
  • PZENA INVESTMENT MANAGEMENT LLC added 351,121 shares (+inf%) to their portfolio in Q2 2024
  • WEISS ASSET MANAGEMENT LP added 262,025 shares (+3145.9%) to their portfolio in Q2 2024
  • CAPITAL RESEARCH GLOBAL INVESTORS removed 253,734 shares (-27.4%) from their portfolio in Q2 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Should I Buy $MAN Stock?

The bull case for ManpowerGroup Inc. ($MAN) revolves around its strong projected EPS growth of 37% year-over-year for 2025, driven by effective cost management and operational efficiency despite a modest revenue increase of 4%. The company's strategic emphasis on its Talent Solutions division and recent gains in the Experis segment suggest a recovery potential and market share enhancement, particularly in a favorable macroeconomic setting. Additionally, ManpowerGroup’s solid performance in Southern Europe, especially in France, alongside improved margins from cost-reduction initiatives and technology investments, positions it competitively within the global staffing sector. Conversely, the bear case highlights the significant financial difficulties the company faces, exemplified by a 30% decline in EPS and a GAAP EPS net loss of $1.73 per share attributed to restructuring and foreign exchange losses. Moreover, recent revenue declines, including a nearly 13% drop in Experis US revenues and a total revenue fall of 4% year-over-year, signal ongoing weaknesses, particularly in critical geographies such as France, Italy, and Northern Europe. The lowered guidance for the first quarter, projecting further revenue declines of 3%-7%, raises concerns about the sustainability of a recovery in the staffing sector, casting a shadow on the company’s near-term outlook.

Background on $MAN Stock

ManpowerGroup Inc. (NYSE: MAN) is a global workforce solutions company that specializes in connecting businesses with skilled talent, offering a range of services in the field of human resource management. Founded in 1948, ManpowerGroup operates through various brands, including Manpower, Experis, and Talent Solutions, providing services such as staffing, recruitment, talent management, and workforce consulting. The company serves a wide array of industries, helping organizations optimize their workforce needs and enhance productivity. Additionally, ManpowerGroup focuses on innovation in talent acquisition and the employment landscape, addressing the evolving demands of the labor market through data-driven insights and tailored workforce strategies.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

About the Author

Christopher Kardatzke is the CTO and cofounder of Quiver Quantitative. Prior to starting Quiver, Christopher worked in software development for Epic Systems, and was the founder of the UW-Madison Quantitative Finance Club.

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