TimesSquare Capital Management LLC raised its position in ASGN Inc (NYSE:ASGN) by 14.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,757,095 shares of the business services provider’s stock after buying an additional 216,440 shares during the period. TimesSquare Capital Management LLC owned approximately 3.33% of ASGN worth $106,480,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. First Mercantile Trust Co. lifted its position in shares of ASGN by 16.8% during the first quarter. First Mercantile Trust Co. now owns 1,250 shares of the business services provider’s stock worth $79,000 after purchasing an additional 180 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of ASGN during the second quarter worth about $210,000. Oakbrook Investments LLC bought a new position in shares of ASGN during the first quarter worth about $233,000. Keybank National Association OH bought a new position in shares of ASGN during the first quarter worth about $238,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of ASGN during the first quarter worth about $240,000. 90.25% of the stock is owned by institutional investors.
ASGN has been the topic of several research analyst reports. SunTrust Banks reduced their price target on shares of ASGN to $84.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Royal Bank of Canada set a $76.00 price target on shares of ASGN and gave the stock a “buy” rating in a research report on Friday, July 26th. Credit Suisse Group reduced their price target 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. Finally, ValuEngine upgraded shares of ASGN from a “strong sell” rating to a “sell” rating in a research note on Friday, June 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $74.00.
ASGN traded up $1.83 on Friday, hitting $61.22. 3,852 shares of the company’s stock were exchanged, compared to its average volume of 332,433. The firm has a market cap of $3.27 billion, a PE ratio of 13.82, a P/E/G ratio of 1.48 and a beta of 1.98. ASGN Inc has a twelve month low of $50.33 and a twelve month high of $93.82. The stock has a fifty day moving average of $60.35 and a two-hundred day moving average of $61.34. The company has a current ratio of 2.14, a quick ratio of 2.20 and a debt-to-equity ratio of 0.85.
ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $972.30 million for the quarter, compared to analyst estimates of $972.24 million. ASGN had a return on equity of 19.56% and a net margin of 4.64%. ASGN’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 EPS. On average, analysts predict that ASGN Inc will post 4.59 EPS for the current year.
ASGN Company 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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