Ibex Investors LLC purchased a new stake in shares of ASGN Inc (NYSE:ASGN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,595 shares of the business services provider’s stock, valued at approximately $205,000.
A number of other hedge funds have also recently bought and sold shares of ASGN. BlackRock Inc. lifted its stake in shares of ASGN by 6.9% during the third quarter. BlackRock Inc. now owns 7,649,596 shares of the business services provider’s stock worth $603,783,000 after purchasing an additional 496,422 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of ASGN during the second quarter worth about $166,294,000. FMR LLC acquired a new position in shares of ASGN during the second quarter worth about $117,721,000. Wells Fargo & Company MN lifted its stake in shares of ASGN by 11.3% during the third quarter. Wells Fargo & Company MN now owns 1,313,134 shares of the business services provider’s stock worth $103,645,000 after purchasing an additional 133,384 shares in the last quarter. Finally, OppenheimerFunds Inc. acquired a new position in shares of ASGN during the second quarter worth about $66,059,000. 91.81% of the stock is owned by hedge funds and other institutional investors.
NYSE:ASGN opened at $61.64 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.22 and a current ratio of 2.22. ASGN Inc has a one year low of $58.84 and a one year high of $94.25. The stock has a market capitalization of $3.36 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.23 and a beta of 2.02.
ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, October 24th. The business services provider reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.20. ASGN had a return on equity of 20.29% and a net margin of 5.69%. The business had revenue of $906.40 million for the quarter, compared to analysts’ expectations of $892.87 million. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The company’s revenue was up 35.9% compared to the same quarter last year. As a group, equities research analysts predict that ASGN Inc will post 4.39 earnings per share for the current year.
In other ASGN news, SVP Jennifer Hankes Painter purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were acquired at an average price of $65.87 per share, for a total transaction of $65,870.00. Following the completion of the purchase, the senior vice president now owns 16,019 shares in the company, valued at approximately $1,055,171.53. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter T. Dameris purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average price of $65.92 per share, for a total transaction of $988,800.00. Following the purchase, the chief executive officer now owns 118,580 shares of the company’s stock, valued at approximately $7,816,793.60. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 54,950 shares of company stock worth $3,645,425. Insiders own 3.90% of the company’s stock.
A number of research analysts have commented on ASGN shares. Zacks Investment Research upgraded ASGN from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Wednesday, August 15th. Bank of America started coverage on ASGN in a research note on Tuesday, October 23rd. They set a “buy” rating and a $84.00 price objective on the stock. ValuEngine cut ASGN from a “buy” rating to a “hold” rating in a research note on Saturday, October 6th. Credit Suisse Group started coverage on ASGN in a research note on Friday, August 10th. They set a “neutral” rating and a $92.00 price objective on the stock. Finally, Robert W. Baird reduced their price objective on ASGN from $91.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $80.00.
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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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