Fmr LLC Invests $117.72 Million in ASGN Inc (ASGN)

Fmr LLC purchased a new stake in shares of ASGN Inc (NYSE:ASGN) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,505,580 shares of the business services provider’s stock, valued at approximately $117,721,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASGN. First Mercantile Trust Co. purchased a new position in shares of ASGN during the second quarter valued at about $113,000. Victory Capital Management Inc. purchased a new position in shares of ASGN during the second quarter valued at about $132,000. Winslow Evans & Crocker Inc. purchased a new position in shares of ASGN during the second quarter valued at about $154,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of ASGN during the second quarter valued at about $158,000. Finally, Trexquant Investment LP purchased a new position in shares of ASGN during the second quarter valued at about $201,000. Institutional investors own 91.68% of the company’s stock.

In other ASGN news, Director Jeremy M. Jones sold 1,278 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $92.05, for a total value of $117,639.90. Following the sale, the director now owns 408 shares in the company, valued at $37,556.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Theodore S. Hanson sold 12,409 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $92.85, for a total transaction of $1,152,175.65. Following the completion of the sale, the insider now owns 238,623 shares in the company, valued at approximately $22,156,145.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,687 shares of company stock worth $4,630,186. Corporate insiders own 3.90% of the company’s stock.



Shares of ASGN opened at $83.47 on Friday. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.01 and a beta of 1.93. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.28 and a current ratio of 2.28. ASGN Inc has a fifty-two week low of $48.95 and a fifty-two week high of $94.25.

ASGN (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, July 25th. The business services provider reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.06. The business had revenue of $878.50 million for the quarter, compared to analysts’ expectations of $865.03 million. ASGN had a net margin of 5.67% and a return on equity of 19.07%. The business’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. equities analysts predict that ASGN Inc will post 4.14 earnings per share for the current year.

ASGN has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on shares of ASGN in a research report on Friday, August 10th. They set a “neutral” rating and a $92.00 price target on the stock. Zacks Investment Research cut shares of ASGN from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. ValuEngine cut shares of ASGN from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. Finally, Robert W. Baird reiterated a “neutral” rating on shares of ASGN in a research report on Thursday, July 26th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $84.00.

About ASGN

ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.

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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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