ASGN Incorporated (NYSE:ASGN) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC decreased its position in ASGN Incorporated (NYSE:ASGN) by 6.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 9,601 shares of the business services provider’s stock after selling 674 shares during the period. Argent Capital Management LLC’s holdings in ASGN were worth $916,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. raised its holdings in shares of ASGN by 119.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 10,974 shares of the business services provider’s stock worth $697,000 after purchasing an additional 5,974 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of ASGN in the fourth quarter valued at $580,000. Seizert Capital Partners LLC lifted its position in shares of ASGN by 95.2% during the 4th quarter. Seizert Capital Partners LLC now owns 21,916 shares of the business services provider’s stock valued at $1,831,000 after acquiring an additional 10,687 shares during the last quarter. FDx Advisors Inc. bought a new stake in shares of ASGN during the 4th quarter worth $263,000. Finally, Stanley Laman Group Ltd. grew its holdings in shares of ASGN by 7.6% in the 4th quarter. Stanley Laman Group Ltd. now owns 17,190 shares of the business services provider’s stock worth $1,436,000 after acquiring an additional 1,217 shares during the last quarter. 94.66% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE ASGN opened at $99.90 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.50 and a quick ratio of 2.50. ASGN Incorporated has a one year low of $55.98 and a one year high of $110.52. The business’s 50-day simple moving average is $103.32. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 2.11 and a beta of 2.18.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Tuesday, April 27th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. ASGN had a net margin of 5.15% and a return on equity of 16.77%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that ASGN Incorporated will post 5.23 EPS for the current fiscal year.

ASGN has been the subject of a number of recent analyst reports. Truist increased their price target on ASGN from $108.00 to $122.00 in a research report on Thursday, April 29th. Zacks Investment Research cut shares of ASGN from a “buy” rating to a “hold” rating in a report on Tuesday, April 13th. Finally, Credit Suisse Group boosted their price target on shares of ASGN from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 29th.

ASGN Profile

ASGN Incorporated provides professional staffing and IT solutions 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 three segments: Apex, Oxford, and ECS. The Apex segment offers technology, digital, creative, scientific, engineering staffing, and consulting services to Fortune 1000 and mid-market commercial clients.

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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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