Laurion Capital Management LP acquired a new stake in ASGN Inc (NYSE:ASGN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,335 shares of the business services provider’s stock, valued at approximately $263,000.
A number of other hedge funds have also recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new position in shares of ASGN during the 2nd quarter worth $122,000. Victory Capital Management Inc. purchased a new position in shares of ASGN during the 2nd quarter worth $132,000. Mount Yale Investment Advisors LLC purchased a new position in shares of ASGN during the 2nd quarter worth $146,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of ASGN during the 2nd quarter worth $158,000. Finally, Trexquant Investment LP purchased a new position in shares of ASGN during the 2nd quarter worth $201,000. Institutional investors own 91.81% of the company’s stock.
A number of brokerages recently issued reports on ASGN. Zacks Investment Research downgraded ASGN from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. ValuEngine downgraded ASGN from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. Bank of America began coverage on ASGN in a research report on Tuesday, October 23rd. They set a “buy” rating and a $84.00 price objective for the company. Wells Fargo & Co cut their price objective on ASGN from $96.00 to $82.00 and set an “outperform” rating for the company in a research report on Thursday, October 25th. Finally, BMO Capital Markets raised their price objective on ASGN from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $80.00.
Shares of NYSE:ASGN opened at $58.52 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.22 and a quick ratio of 2.22. The stock has a market cap of $3.07 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.13 and a beta of 2.02. ASGN Inc has a 12-month low of $58.25 and a 12-month high of $94.25.
ASGN (NYSE:ASGN) last issued its quarterly earnings data on Wednesday, October 24th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.20. The firm had revenue of $906.40 million during the quarter, compared to the consensus estimate of $892.87 million. ASGN had a return on equity of 20.29% and a net margin of 5.69%. The company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. On average, sell-side analysts forecast that ASGN Inc will post 4.39 EPS for the current year.
In other news, Director Edwin A. Sheridan bought 20,000 shares of the company’s stock in a transaction on Friday, October 26th. The stock was bought at an average cost of $65.33 per share, with a total value of $1,306,600.00. Following the transaction, the director now directly owns 21,686 shares in the company, valued at approximately $1,416,746.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian J. Callaghan bought 15,000 shares of the company’s stock in a transaction on Monday, November 5th. The stock was purchased at an average cost of $68.03 per share, with a total value of $1,020,450.00. Following the completion of the transaction, the director now owns 408 shares in the company, valued at $27,756.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 54,950 shares of company stock valued at $3,645,425. 3.90% of the stock is currently owned by corporate insiders.
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ASGN Company Profile
ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.
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