ASGN Incorporated (NYSE:ASGN) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC lessened its stake in shares of ASGN Incorporated (NYSE:ASGN) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,601 shares of the business services provider’s stock after selling 674 shares during the quarter. Argent Capital Management LLC’s holdings in ASGN were worth $916,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. FDx Advisors Inc. purchased a new stake in shares of ASGN during the fourth quarter worth about $263,000. Cibc World Markets Corp purchased a new stake in ASGN in the 1st quarter worth approximately $543,000. SG Americas Securities LLC acquired a new position in ASGN in the 4th quarter valued at $580,000. Crossmark Global Holdings Inc. lifted its stake in shares of ASGN by 1.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,230 shares of the business services provider’s stock worth $690,000 after purchasing an additional 120 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of ASGN by 119.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,974 shares of the business services provider’s stock worth $697,000 after purchasing an additional 5,974 shares during the last quarter. 94.66% of the stock is owned by institutional investors.

Shares of NYSE ASGN opened at $99.90 on Friday. The firm has a fifty day moving average of $103.32. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. ASGN Incorporated has a 12-month low of $55.98 and a 12-month high of $110.52. The firm has a market cap of $5.31 billion, a P/E ratio of 25.88, a P/E/G ratio of 2.11 and a beta of 2.18.

ASGN (NYSE:ASGN) last issued its earnings results on Tuesday, April 27th. The business services provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.05. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. ASGN had a return on equity of 16.77% and a net margin of 5.15%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. As a group, equities analysts predict that ASGN Incorporated will post 5.23 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the company. Credit Suisse Group increased their target price on ASGN from $89.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 29th. Truist raised their target price on shares of ASGN from $108.00 to $122.00 in a research report on Thursday, April 29th. Finally, Zacks Investment Research downgraded shares of ASGN from a “buy” rating to a “hold” rating in a report on Tuesday, April 13th.

ASGN Company Profile

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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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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