Renaissance Technologies LLC acquired a new stake in shares of ASGN Inc (NYSE:ASGN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 79,194 shares of the business services provider’s stock, valued at approximately $6,251,000. Renaissance Technologies LLC owned approximately 0.15% of ASGN at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Riverhead Capital Management LLC raised its stake in shares of ASGN by 35.5% in the third quarter. Riverhead Capital Management LLC now owns 5,342 shares of the business services provider’s stock worth $422,000 after purchasing an additional 1,400 shares during the last quarter. Axiom International Investors LLC DE purchased a new position in shares of ASGN in the third quarter worth about $6,035,000. GSA Capital Partners LLP purchased a new position in shares of ASGN in the third quarter worth about $255,000. United Services Automobile Association purchased a new position in shares of ASGN in the third quarter worth about $770,000. Finally, Stevens Capital Management LP raised its stake in shares of ASGN by 69.9% in the third quarter. Stevens Capital Management LP now owns 22,509 shares of the business services provider’s stock worth $1,777,000 after purchasing an additional 9,259 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.
Shares of ASGN stock opened at $60.19 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.22 and a quick ratio of 2.22. The company has a market cap of $3.14 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.08 and a beta of 2.08. ASGN Inc has a twelve month low of $51.05 and a twelve month high of $94.25.
ASGN (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, October 24th. The business services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.20. The company had revenue of $906.40 million during the quarter, compared to analysts’ expectations 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 business earned $0.83 earnings per share. As a group, equities analysts predict that ASGN Inc will post 4.39 earnings per share for the current year.
In other ASGN news, CEO Peter T. Dameris acquired 15,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were bought at an average cost of $65.92 per share, with a total value 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edwin A. Sheridan acquired 20,000 shares of the company’s stock in a transaction on Friday, October 26th. The stock was acquired at an average cost of $65.33 per share, for a total transaction of $1,306,600.00. Following the completion of the acquisition, the director now owns 21,686 shares of the company’s stock, valued at approximately $1,416,746.38. 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 company insiders.
Several brokerages have recently issued reports on ASGN. Zacks Investment Research cut ASGN from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. ValuEngine cut ASGN from a “buy” rating to a “hold” rating in a research note on Saturday, October 6th. Credit Suisse Group reduced their price objective on ASGN from $92.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Robert W. Baird reduced their price objective on ASGN from $91.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Finally, BMO Capital Markets raised their price objective on ASGN from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $76.75.
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ASGN Company Profile
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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