SG Americas Securities LLC cut its position in shares of ASGN Incorporated (NYSE:ASGN – Get Rating) by 48.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,377 shares of the business services provider's stock after selling 8,857 shares during the quarter. SG Americas Securities LLC's holdings in ASGN were worth $847,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new stake in shares of ASGN during the second quarter valued at approximately $59,000. Eagle Bay Advisors LLC boosted its position in shares of ASGN by 55.0% during the second quarter. Eagle Bay Advisors LLC now owns 922 shares of the business services provider's stock valued at $83,000 after purchasing an additional 327 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of ASGN by 13.5% during the second quarter. Harbor Investment Advisory LLC now owns 926 shares of the business services provider's stock valued at $84,000 after purchasing an additional 110 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of ASGN by 7.8% during the second quarter. Captrust Financial Advisors now owns 1,833 shares of the business services provider's stock valued at $165,000 after purchasing an additional 132 shares in the last quarter. 95.20% of the stock is currently owned by institutional investors.
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Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. Robert W. Baird dropped their target price on ASGN to $108.00 in a report on Tuesday, November 1st. William Blair restated an "outperform" rating on shares of ASGN in a research note on Friday, November 25th. BMO Capital Markets decreased their target price on shares of ASGN from $98.00 to $95.00 and set a "market perform" rating for the company in a report on Thursday, October 27th. Finally, StockNews.com cut shares of ASGN from a "buy" rating to a "hold" rating in a report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $100.80.
ASGN Trading Down 0.4 %
NYSE:ASGN opened at $85.37 on Friday. The company's 50 day moving average price is $85.35 and its 200-day moving average price is $91.58. ASGN Incorporated has a 52 week low of $78.25 and a 52 week high of $124.35. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.91 and a beta of 1.65.
ASGN (NYSE:ASGN – Get Rating) last issued its quarterly earnings data on Wednesday, October 26th. The business services provider reported $1.79 earnings per share for the quarter, meeting analysts' consensus estimates of $1.79. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. ASGN had a net margin of 6.63% and a return on equity of 18.34%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 earnings per share. On average, equities research analysts forecast that ASGN Incorporated will post 6.56 earnings per share for the current fiscal year.
About ASGN
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ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and mid-market clients.
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