Stanley Laman Group Ltd. increased its position in ASGN Incorporated (NYSE:ASGN) by 6.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 18,280 shares of the business services provider’s stock after purchasing an additional 1,090 shares during the period. Stanley Laman Group Ltd.’s holdings in ASGN were worth $1,745,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Reinhart Partners Inc. lifted its holdings in shares of ASGN by 11.3% in the 1st quarter. Reinhart Partners Inc. now owns 249,701 shares of the business services provider’s stock valued at $23,831,000 after purchasing an additional 25,405 shares during the last quarter. AMI Asset Management Corp raised its stake in ASGN by 0.3% during the 1st quarter. AMI Asset Management Corp now owns 78,100 shares of the business services provider’s stock valued at $7,454,000 after acquiring an additional 256 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in ASGN by 1.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,230 shares of the business services provider’s stock valued at $690,000 after acquiring an additional 120 shares during the last quarter. FDx Advisors Inc. raised its stake in ASGN by 22.7% during the 1st quarter. FDx Advisors Inc. now owns 3,859 shares of the business services provider’s stock valued at $368,000 after acquiring an additional 713 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its stake in ASGN by 95.2% during the 4th quarter. Seizert Capital Partners LLC now owns 21,916 shares of the business services provider’s stock valued at $1,831,000 after acquiring an additional 10,687 shares during the last quarter. 92.78% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on ASGN shares. Zacks Investment Research cut ASGN from a “buy” rating to a “hold” rating in a report on Tuesday, April 13th. Truist boosted their target price on shares of ASGN from $108.00 to $122.00 in a research report on Thursday, April 29th. Finally, Credit Suisse Group upped their price target on shares of ASGN from $89.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 5th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. ASGN has a consensus rating of “Buy” and an average price target of $101.80.
NYSE:ASGN opened at $102.80 on Monday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.68. ASGN Incorporated has a fifty-two week low of $50.79 and a fifty-two week high of $110.52. The stock has a market cap of $5.47 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.21 and a beta of 2.22. The firm’s fifty day simple moving average is $103.37 and its 200-day simple moving average is $90.66.
ASGN (NYSE:ASGN) last issued its quarterly earnings data on Tuesday, April 27th. The business services provider reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. ASGN had a net margin of 4.65% and a return on equity of 17.70%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. Equities analysts anticipate that ASGN Incorporated will post 4.68 earnings per share for the current year.
ASGN Incorporated provides professional staffing and IT solutions 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 three segments: Apex, Oxford, and ECS. The Apex segment offers technology, digital, creative, scientific, engineering staffing, and consulting services to Fortune 1000 and mid-market commercial clients.
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