Renaissance Technologies LLC increased its holdings in ASGN Inc (NYSE:ASGN) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,394 shares of the business services provider’s stock after acquiring an additional 1,000 shares during the quarter. Renaissance Technologies LLC’s holdings in ASGN were worth $13,235,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in ASGN. First Mercantile Trust Co. lifted its stake in ASGN by 16.8% in the first quarter. First Mercantile Trust Co. now owns 1,250 shares of the business services provider’s stock worth $79,000 after acquiring an additional 180 shares during the period. Atria Investments LLC purchased a new stake in ASGN in the second quarter worth about $206,000. Fox Run Management L.L.C. purchased a new stake in ASGN in the second quarter worth about $210,000. Keybank National Association OH purchased a new stake in ASGN in the first quarter worth about $238,000. Finally, Janus Henderson Group PLC lifted its stake in ASGN by 16.0% in the first quarter. Janus Henderson Group PLC now owns 4,353 shares of the business services provider’s stock worth $276,000 after acquiring an additional 602 shares during the period. 91.29% of the stock is owned by institutional investors.
A number of analysts recently weighed in on ASGN shares. ValuEngine raised shares of ASGN from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th. Royal Bank of Canada set a $76.00 price objective on shares of ASGN and gave the stock a “buy” rating in a research note on Friday, July 26th. Credit Suisse Group lowered their price objective on shares of ASGN from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Finally, SunTrust Banks decreased their price target on shares of ASGN to $84.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. ASGN currently has a consensus rating of “Buy” and a consensus price target of $74.00.
Shares of ASGN stock traded up $0.35 during mid-day trading on Friday, hitting $64.52. 2,624 shares of the stock traded hands, compared to its average volume of 232,607. The stock has a market cap of $3.46 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.56 and a beta of 1.96. The stock’s fifty day moving average is $62.30 and its two-hundred day moving average is $61.11. ASGN Inc has a 52-week low of $50.33 and a 52-week high of $80.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.14 and a quick ratio of 2.14.
ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.09). The firm had revenue of $972.30 million for the quarter, compared to analysts’ expectations of $972.24 million. ASGN had a net margin of 4.64% and a return on equity of 19.56%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.11 earnings per share. As a group, equities analysts forecast that ASGN Inc will post 4.59 EPS for the current fiscal 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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