Arizona State Retirement System trimmed its holdings in shares of ASGN Inc (NYSE:ASGN) by 50.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,665 shares of the business services provider’s stock after selling 38,279 shares during the period. Arizona State Retirement System owned approximately 0.07% of ASGN worth $2,053,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Aperio Group LLC increased its holdings in shares of ASGN by 5.0% during the 3rd quarter. Aperio Group LLC now owns 17,332 shares of the business services provider’s stock valued at $1,368,000 after purchasing an additional 825 shares in the last quarter. Congress Asset Management Co. MA increased its holdings in shares of ASGN by 1.9% during the 3rd quarter. Congress Asset Management Co. MA now owns 48,191 shares of the business services provider’s stock valued at $3,804,000 after purchasing an additional 901 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of ASGN by 38.5% during the 3rd quarter. Janus Henderson Group PLC now owns 3,595 shares of the business services provider’s stock valued at $284,000 after purchasing an additional 999 shares in the last quarter. IndexIQ Advisors LLC increased its holdings in shares of ASGN by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 27,763 shares of the business services provider’s stock valued at $2,191,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of ASGN by 5.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the business services provider’s stock valued at $1,823,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.
In related news, CEO Peter T. Dameris purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average price of $65.92 per share, with a total value of $988,800.00. Following the acquisition, the chief executive officer now owns 118,580 shares in the company, valued at $7,816,793.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by insiders.
ASGN has been the subject of several recent research reports. Bank of America initiated coverage on shares of ASGN in a report on Tuesday, October 23rd. They set a “buy” rating and a $84.00 target price for the company. Wells Fargo & Co cut their target price on shares of ASGN from $96.00 to $82.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. BMO Capital Markets lifted their target price on shares of ASGN from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 25th. Robert W. Baird cut their price target on shares of ASGN from $91.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. Finally, Credit Suisse Group cut their price target on shares of ASGN from $92.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $75.43.
Shares of NYSE ASGN opened at $66.77 on Thursday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.14 and a beta of 2.02. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.02. ASGN Inc has a one year low of $51.05 and a one year high of $94.25.
ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, February 13th. The business services provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.01). The company had revenue of $929.65 million during the quarter, compared to analysts’ expectations of $929.80 million. ASGN had a return on equity of 20.29% and a net margin of 5.69%. ASGN’s revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 EPS. Equities research analysts expect that ASGN Inc will post 4.39 earnings per share for the current year.
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ASGN Company Profile
ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.
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