Russell Investments Group Ltd. trimmed its stake in ASGN Inc (NYSE:ASGN) by 2.2% in the second quarter, HoldingsChannel.com reports. The firm owned 71,733 shares of the business services provider’s stock after selling 1,603 shares during the period. Russell Investments Group Ltd.’s holdings in ASGN were worth $4,344,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in ASGN by 8.8% in the first quarter. Wells Fargo & Company MN now owns 1,781,065 shares of the business services provider’s stock valued at $113,080,000 after purchasing an additional 144,609 shares during the period. TimesSquare Capital Management LLC increased its holdings in ASGN by 14.0% in the second quarter. TimesSquare Capital Management LLC now owns 1,757,095 shares of the business services provider’s stock valued at $106,480,000 after purchasing an additional 216,440 shares during the period. OppenheimerFunds Inc. increased its holdings in ASGN by 2.5% in the first quarter. OppenheimerFunds Inc. now owns 655,539 shares of the business services provider’s stock valued at $41,619,000 after purchasing an additional 15,984 shares during the period. Marshall Wace LLP increased its holdings in ASGN by 17.6% in the first quarter. Marshall Wace LLP now owns 604,861 shares of the business services provider’s stock valued at $38,402,000 after purchasing an additional 90,732 shares during the period. Finally, Geode Capital Management LLC increased its holdings in ASGN by 15.9% in the fourth quarter. Geode Capital Management LLC now owns 568,497 shares of the business services provider’s stock valued at $30,982,000 after purchasing an additional 77,782 shares during the period. Institutional investors and hedge funds own 92.60% of the company’s stock.
ASGN stock traded up $0.61 during trading hours on Friday, reaching $66.56. 266,911 shares of the company’s stock were exchanged, compared to its average volume of 224,908. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.85. The firm’s 50 day simple moving average is $61.99 and its 200 day simple moving average is $61.10. ASGN Inc has a twelve month low of $50.33 and a twelve month high of $84.06. The firm has a market capitalization of $3.49 billion, a PE ratio of 15.20, a PEG ratio of 1.58 and a beta of 1.96.
ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.09). ASGN had a return on equity of 19.56% and a net margin of 4.64%. The business had revenue of $972.30 million for the quarter, compared to analyst estimates of $972.24 million. During the same quarter in the previous year, the business posted $1.11 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. Analysts anticipate that ASGN Inc will post 4.59 EPS for the current year.
A number of analysts recently weighed in on ASGN shares. SunTrust Banks decreased their price objective on ASGN to $84.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Royal Bank of Canada set a $76.00 price objective on ASGN and gave the company a “buy” rating in a report on Friday, July 26th. Credit Suisse Group decreased their price objective on ASGN from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Finally, ValuEngine upgraded ASGN from a “sell” rating to a “hold” rating in a report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $74.00.
ASGN Company Profile
ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.
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