Texas Permanent School Fund Has $2.26 Million Stock Holdings in ASGN Inc (NYSE:ASGN)

Texas Permanent School Fund lifted its position in shares of ASGN Inc (NYSE:ASGN) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,006 shares of the business services provider’s stock after purchasing an additional 172 shares during the period. Texas Permanent School Fund owned 0.07% of ASGN worth $2,263,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ASGN. Private Capital Group LLC grew its stake in ASGN by 47.2% in the 2nd quarter. Private Capital Group LLC now owns 802 shares of the business services provider’s stock valued at $63,000 after buying an additional 257 shares during the last quarter. Atria Investments LLC bought a new stake in ASGN in the 2nd quarter valued at about $206,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ASGN by 14.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,284 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 412 shares during the period. Fox Run Management L.L.C. bought a new stake in ASGN in the 2nd quarter valued at about $210,000. Finally, Miles Capital Inc. boosted its holdings in ASGN by 6.7% in the 2nd quarter. Miles Capital Inc. now owns 4,608 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 288 shares during the period. Institutional investors own 91.51% of the company’s stock.

ASGN has been the subject of a number of recent research reports. SunTrust Banks cut their price objective on shares of 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 shares of ASGN and gave the company a “buy” rating in a report on Friday, July 26th. ValuEngine downgraded shares of ASGN from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Bank of America cut their price objective on shares of ASGN from $73.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, William Blair reissued an “outperform” rating on shares of ASGN in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $72.14.

ASGN stock opened at $66.98 on Friday. The company has a 50 day simple moving average of $62.08 and a 200 day simple moving average of $60.50. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.59 and a beta of 1.92. ASGN Inc has a 1 year low of $50.33 and a 1 year high of $71.21. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.11 and a quick ratio of 2.14.

ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.08. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $998.20 million. ASGN had a net margin of 4.74% and a return on equity of 19.01%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. On average, equities research analysts anticipate that ASGN Inc will post 4.58 EPS for the current fiscal year.

ASGN 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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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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