ManpowerGroup Sells Jefferson Wells Business for $100 Million

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: Apr 30 2026

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MAN-2%

Should l Buy MAN?

Source: PRnewswire

Transaction Overview: ManpowerGroup has sold its Jefferson Wells U.S. business to Sikich for $100 million, with the business generating $76 million in revenue in 2025, reflecting the company's commitment to optimizing its asset portfolio.
Financial Impact: The transaction is expected to result in a gain on sale recognized in the second quarter, with approximately $88 million in net cash proceeds received at closing, thereby strengthening the company's balance sheet to support sustainable growth.
Strategic Focus: CEO Jonas Prising emphasized that this sale allows ManpowerGroup to concentrate on its core brands, including Manpower, Experis, and Talent Solutions, aiming to enhance clients' capabilities in building skilled workforces.
Acquisition Synergy: Sikich CEO Christopher Geier noted that this acquisition enhances their expertise in risk and compliance, finance and accounting, and tax, indicating a shared commitment to delivering high-quality client solutions.

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Analyst Views on MAN

Wall Street analysts forecast MAN stock price to rise

7 Analyst Rating

1 Buy

5 Hold

1 Sell

Hold

Current: 30.450

Low

27.00

Averages

38.80

High

44.00

Current: 30.450

Low

27.00

Averages

38.80

High

44.00

Truist

Tobey Sommer

Hold

maintain

$38 -> $34

2026-04-17

Reason

Truist

Tobey Sommer

Price Target

$38 -> $34

AI Analysis

2026-04-17

maintain

Hold

Reason

Truist analyst Tobey Sommer lowered the firm's price target on ManpowerGroup to $34 from $38 and keeps a Hold rating on the shares after its Q1 earnings beat. The company kicked off staffing company earnings with an encouraging note though its guidance is also showing 70 basis points of gross margin pressure, the analyst tells investors in a research note. Manpower's sustained organic revenue growth could drive operating leverage given bench exposure and a more constructive outlook, the firm added.

UBS

Neutral

maintain

$29 -> $33

2026-04-17

Reason

UBS

Price Target

$29 -> $33

2026-04-17

maintain

Neutral

Reason

UBS raised the firm's price target on ManpowerGroup to $33 from $29 and keeps a Neutral rating on the shares.

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About MAN

ManpowerGroup Inc. is a global workforce solutions company. The Company offers a comprehensive range of workforce solutions and services, which include recruitment and assessment; upskilling, reskilling, training and development; career management; outsourcing, and workforce consulting. Its portfolio of recruitment services includes permanent, temporary and contract recruitment of professionals, as well as administrative, industrial and information technology (IT) professional positions. These services are provided under its Manpower and Experis brands. Its Talent Solutions brand specializes in the delivery of customized workforce strategies and new solutions and creating added value that addresses its clients' complex global workforce needs. Its Talent Solutions combine global offerings of recruitment process outsourcing (RPO), TAPFIN - Managed Service Provider (MSP), and right management to provide data-driven capabilities that help organizations with their workforce transformation.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

ManpowerGroup Declares $0.72 Semi-Annual Dividend

2 days agoPRnewswire

Dividend Announcement: ManpowerGroup's Board of Directors has declared a semi-annual dividend of $0.72 per share, payable on June 15, 2026, to shareholders of record as of June 1, 2026, aimed at enhancing investor confidence and attracting more long-term investors.
Financial Transparency: The company provides additional financial information regarding its stock history and annual shareholder reports, which further enhances its transparency and trust among investors, helping to attract potential investors.
Global Leadership: As a leading global workforce solutions company, ManpowerGroup offers innovative talent management solutions across more than 70 countries and territories, continuously driving organizational transformation to meet rapidly changing market demands, thereby solidifying its market leadership.
Ethical Company Recognition: In 2026, ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time, highlighting its commitment to diversity and inclusion, which further enhances its brand image and attracts high-quality talent.

Dividend Stock Ratings and Updates Amid Market Uncertainty

May 03 2026Yahoo Finance

ManpowerGroup Rating Update: UBS analyst Joshua Chan maintains a Neutral rating while raising the price target from $29 to $33, reflecting cautious optimism about the company's future performance, with an accuracy rate of 58%.
Paychex Price Target Cut: JP Morgan analyst Tien-Tsin Huang maintains an Underweight rating and slashes the price target from $125 to $100, indicating concerns about the company's growth prospects despite recent upbeat quarterly earnings.
Stanley Black & Decker Strong Performance: The company reported strong first-quarter results, prompting Wells Fargo analyst Sam Reid to raise the price target from $75 to $80, signaling market recognition of its growth potential, with an accuracy rate of 66%.
Attraction of High Dividends: Amid market turbulence, investors are gravitating towards high-dividend stocks, with ManpowerGroup, Paychex, and Stanley Black & Decker all offering yields above 4%, demonstrating their appeal in uncertain times.

Sikich Acquires Jefferson Wells for $100 Million

May 01 2026Yahoo Finance

Acquisition Overview: Sikich has acquired Jefferson Wells, based in Milwaukee, for $100 million, with approximately $89 million in net cash proceeds at closing, reflecting Sikich's commitment to expanding its professional services footprint.
Business Integration Benefits: With over 30 years of experience in risk and compliance, finance and accounting, and tax services, Jefferson Wells will enhance Sikich's market position in healthcare, life sciences, and manufacturing sectors.
Employee Integration and Cultural Fit: The transaction has allowed Sikich to absorb over 300 employees from Jefferson Wells, and the strong alignment in corporate culture and growth ambitions is expected to enhance service quality for clients.
Future Growth Potential: Sikich CEO Christopher Geier stated that this acquisition will bolster the company's expertise in risk and compliance, driving value delivery and business growth across North America.