Miles Capital Inc. Purchases 288 Shares of ASGN Inc (NYSE:ASGN)

Miles Capital Inc. raised its position in shares of ASGN Inc (NYSE:ASGN) by 6.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,608 shares of the business services provider’s stock after acquiring an additional 288 shares during the quarter. Miles Capital Inc.’s holdings in ASGN were worth $279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASGN. Wells Fargo & Company MN boosted its position in shares of ASGN by 8.8% during the 1st quarter. Wells Fargo & Company MN now owns 1,781,065 shares of the business services provider’s stock worth $113,080,000 after purchasing an additional 144,609 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of ASGN by 14.0% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,757,095 shares of the business services provider’s stock worth $106,480,000 after purchasing an additional 216,440 shares in the last quarter. Northern Trust Corp boosted its position in shares of ASGN by 0.3% during the 2nd quarter. Northern Trust Corp now owns 844,288 shares of the business services provider’s stock worth $51,164,000 after purchasing an additional 2,349 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of ASGN by 2.5% during the 1st quarter. OppenheimerFunds Inc. now owns 655,539 shares of the business services provider’s stock worth $41,619,000 after purchasing an additional 15,984 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of ASGN by 17.6% during the 1st quarter. Marshall Wace LLP now owns 604,861 shares of the business services provider’s stock worth $38,402,000 after purchasing an additional 90,732 shares in the last quarter. 92.60% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on ASGN. ValuEngine raised shares of ASGN from a “sell” rating to a “hold” rating in a research report on Thursday, September 5th. Credit Suisse Group cut their price objective on shares of ASGN from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Royal Bank of Canada set a $76.00 price objective on shares of ASGN and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, SunTrust Banks cut their price objective on shares of ASGN to $84.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $74.00.

NYSE ASGN traded up $0.45 during trading hours on Friday, hitting $66.40. The company’s stock had a trading volume of 9,136 shares, compared to its average volume of 221,656. ASGN Inc has a 52 week low of $50.33 and a 52 week high of $84.06. The company has a market capitalization of $3.41 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.96. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.85. The company’s 50-day simple moving average is $61.92 and its two-hundred day simple moving average is $61.11.

ASGN (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.09). ASGN had a net margin of 4.64% and a return on equity of 19.56%. The business had revenue of $972.30 million during the quarter, compared to the consensus estimate of $972.24 million. During the same period in the previous year, the business posted $1.11 EPS. ASGN’s revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that ASGN Inc will post 4.59 EPS for the current fiscal year.

ASGN 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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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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