ETF Managers Group LLC lessened its stake in shares of ASGN Inc (NYSE:ASGN) by 8.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,756 shares of the business services provider’s stock after selling 420 shares during the quarter. ETF Managers Group LLC’s holdings in ASGN were worth $302,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. First Mercantile Trust Co. grew its position in ASGN by 16.8% in the first quarter. First Mercantile Trust Co. now owns 1,250 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 180 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in shares of ASGN during the fourth quarter valued at about $98,000. Group One Trading L.P. bought a new position in shares of ASGN during the fourth quarter valued at about $100,000. Cutler Group LP grew its stake in shares of ASGN by 596.0% during the fourth quarter. Cutler Group LP now owns 2,102 shares of the business services provider’s stock valued at $114,000 after buying an additional 1,800 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of ASGN during the fourth quarter valued at about $120,000. Institutional investors and hedge funds own 90.78% of the company’s stock.
ASGN has been the topic of several recent analyst reports. Zacks Investment Research cut ASGN from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Jefferies Financial Group started coverage on shares of ASGN in a research report on Tuesday, March 12th. They set a “buy” rating and a $70.00 price objective for the company. ValuEngine upgraded shares of ASGN from a “strong sell” rating to a “sell” rating in a research note on Friday, June 7th. Royal Bank of Canada initiated coverage on shares of ASGN in a research report on Tuesday, April 16th. They set an “outperform” rating and a $79.00 target price on the stock. Finally, Credit Suisse Group decreased their target price on shares of ASGN from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $73.13.
Shares of NYSE:ASGN traded down $0.89 during midday trading on Friday, reaching $56.57. The company’s stock had a trading volume of 351,700 shares, compared to its average volume of 319,518. The firm has a market capitalization of $2.99 billion, a P/E ratio of 12.92, a PEG ratio of 1.34 and a beta of 1.99. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.20 and a quick ratio of 2.20. ASGN Inc has a twelve month low of $50.33 and a twelve month high of $94.25.
ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.02). The firm had revenue of $923.70 million for the quarter, compared to analyst estimates of $921.14 million. ASGN had a net margin of 4.49% and a return on equity of 20.45%. The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. Equities analysts anticipate that ASGN Inc will post 4.67 EPS for the current fiscal year.
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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