Dimensional Fund Advisors LP decreased its stake in ASGN Inc (NYSE:ASGN) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,025,586 shares of the business services provider’s stock after selling 101,234 shares during the quarter. Dimensional Fund Advisors LP owned 3.87% of ASGN worth $159,878,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in ASGN. Tower Research Capital LLC TRC acquired a new stake in shares of ASGN during the second quarter worth about $122,000. Victory Capital Management Inc. acquired a new stake in shares of ASGN during the second quarter worth about $132,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of ASGN during the second quarter worth about $146,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of ASGN during the second quarter worth about $158,000. Finally, Trexquant Investment LP acquired a new stake in shares of ASGN during the second quarter worth about $201,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:ASGN opened at $69.25 on Monday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.02. The stock has a market cap of $3.63 billion, a P/E ratio of 16.93, a PEG ratio of 1.33 and a beta of 2.03. ASGN Inc has a 52-week low of $58.84 and a 52-week high of $94.25.
ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, October 24th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.20. The business 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%. ASGN’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. On average, research analysts predict that ASGN Inc will post 4.39 earnings per share for the current year.
A number of equities research analysts have recently commented on the company. Credit Suisse Group assumed coverage on ASGN in a research report on Friday, August 10th. They set a “neutral” rating and a $92.00 price target on the stock. Zacks Investment Research raised ASGN from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Wednesday, August 15th. ValuEngine lowered ASGN from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. BMO Capital Markets raised their price target on ASGN from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 25th. Finally, Robert W. Baird dropped their price target on ASGN from $91.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $80.00.
In other news, CEO Peter T. Dameris acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average cost of $65.92 per share, for a total transaction of $988,800.00. Following the completion of the acquisition, the chief executive officer now owns 118,580 shares in the company, valued at $7,816,793.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jennifer Hankes Painter acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average price of $65.87 per share, with a total value of $65,870.00. Following the completion of the acquisition, the senior vice president now owns 16,019 shares of the company’s stock, valued at approximately $1,055,171.53. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 54,950 shares of company stock valued at $3,645,425. 3.90% of the stock is owned by corporate insiders.
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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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