Pacer Advisors Inc. decreased its holdings in ASGN Inc (NYSE:ASGN) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,630 shares of the business services provider’s stock after selling 1,518 shares during the period. Pacer Advisors Inc.’s holdings in ASGN were worth $1,234,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Artemis Investment Management LLP grew its stake in shares of ASGN by 111.6% in the 3rd quarter. Artemis Investment Management LLP now owns 197,047 shares of the business services provider’s stock valued at $12,071,000 after buying an additional 103,941 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in ASGN by 2.3% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 69,858 shares of the business services provider’s stock worth $4,391,000 after purchasing an additional 1,590 shares during the period. State of Alaska Department of Revenue bought a new stake in ASGN during the third quarter worth approximately $591,000. Macquarie Group Ltd. boosted its position in ASGN by 6.4% during the second quarter. Macquarie Group Ltd. now owns 896,005 shares of the business services provider’s stock worth $54,298,000 after purchasing an additional 53,872 shares during the period. Finally, River & Mercantile Asset Management LLP bought a new stake in ASGN during the second quarter worth approximately $4,657,000. Institutional investors own 91.51% of the company’s stock.
A number of brokerages have issued reports on ASGN. Zacks Investment Research cut ASGN from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. SunTrust Banks decreased their target price on ASGN to $84.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Royal Bank of Canada set a $76.00 price target on ASGN and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine lowered ASGN from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Finally, William Blair reiterated an “outperform” rating on shares of ASGN in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $72.14.
ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.23 by $0.08. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $998.20 million. ASGN had a return on equity of 19.01% and a net margin of 4.74%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 earnings per share. Research analysts expect that ASGN Inc will post 4.58 earnings per share for the current year.
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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