Russell Investments Group Ltd. Has $1.35 Million Holdings in ASGN Incorporated (NYSE:ASGN)

Russell Investments Group Ltd. cut its holdings in shares of ASGN Incorporated (NYSE:ASGN – Get Rating) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,510 shares of the business services provider’s stock after selling 1,044 shares during the period. Russell Investments Group Ltd.’s holdings in ASGN were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Captrust Financial Advisors increased its stake in shares of ASGN by 16.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,974 shares of the business services provider’s stock valued at $178,000 after acquiring an additional 273 shares during the last quarter. 95.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ASGN shares. 3M reaffirmed a “maintains” rating on shares of ASGN in a research note on Thursday, April 27th. BMO Capital Markets lowered their target price on ASGN from $84.00 to $81.00 in a research note on Friday, April 28th. Bank of America cut ASGN from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $109.00 to $66.00 in a research note on Thursday, April 27th. Robert W. Baird lowered their target price on ASGN from $103.00 to $87.00 in a research note on Friday, April 28th. Finally, StockNews.com started coverage on ASGN in a research note on Thursday, May 18th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $87.83.

ASGN Trading Down 1.0 %

NYSE ASGN opened at $67.21 on Thursday. The company has a market cap of $3.31 billion, a PE ratio of 13.61, a PEG ratio of 2.31 and a beta of 1.65. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.54. ASGN Incorporated has a 12 month low of $63.27 and a 12 month high of $106.88. The stock has a 50 day moving average of $74.58 and a 200-day moving average of $82.62.

ASGN (NYSE:ASGN – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.05). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. ASGN had a net margin of 5.43% and a return on equity of 17.08%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. On average, equities research analysts anticipate that ASGN Incorporated will post 5.83 EPS for the current fiscal year.

About ASGN

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ASGN, Inc engages in the provision of information technology and professional services in the technology, digital, creative, engineering, and life sciences fields in the commercial and government sectors. It operates through the following segments: Apex, Oxford, and ECS. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.