Crossmark Global Holdings Inc. Increases Stock Holdings in ASGN Incorporated (NYSE:ASGN)

Crossmark Global Holdings Inc. grew its stake in ASGN Incorporated (NYSE:ASGN) by 17.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,414 shares of the business services provider’s stock after purchasing an additional 800 shares during the period. Crossmark Global Holdings Inc.’s holdings in ASGN were worth $505,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Argent Capital Management LLC grew its stake in ASGN by 12.1% during the 3rd quarter. Argent Capital Management LLC now owns 10,559 shares of the business services provider’s stock worth $984,000 after buying an additional 1,142 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of ASGN by 7.2% in the third quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider’s stock valued at $54,912,000 after acquiring an additional 39,607 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of ASGN by 28.2% in the third quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock valued at $1,102,000 after acquiring an additional 2,600 shares during the period. SG Americas Securities LLC grew its position in shares of ASGN by 1,851.6% during the second quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock worth $1,753,000 after acquiring an additional 18,868 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of ASGN in the 1st quarter valued at $154,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ASGN shares. BMO Capital Markets increased their price target on shares of ASGN from $94.00 to $96.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 target price on shares of ASGN in a research note on Thursday, October 24th. Finally, Jefferies Financial Group dropped their price target on ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.44.

ASGN Trading Down 4.2 %

NYSE ASGN opened at $87.89 on Friday. ASGN Incorporated has a 52-week low of $84.62 and a 52-week high of $106.42. The firm has a 50-day moving average price of $94.02 and a 200 day moving average price of $93.64. The stock has a market capitalization of $3.88 billion, a P/E ratio of 22.25 and a beta of 1.40. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58.

ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. ASGN had a return on equity of 13.65% and a net margin of 4.37%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business posted $1.68 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts expect that ASGN Incorporated will post 5.17 EPS for the current year.

Insiders Place Their Bets

In related news, Director Arshad Matin sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $92.51, for a total value of $185,020.00. Following the completion of the transaction, the director now directly owns 11,645 shares of the company’s stock, valued at $1,077,278.95. This trade represents a 14.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan S. Holman sold 503 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $90.45, for a total value of $45,496.35. Following the sale, the director now owns 10,821 shares in the company, valued at approximately $978,759.45. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,763 shares of company stock worth $1,398,986. Corporate insiders own 3.20% of the company’s stock.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.