North Point Portfolio Managers Corp OH Decreases Stock Holdings in ASGN Inc (NYSE:ASGN)

North Point Portfolio Managers Corp OH trimmed its holdings in shares of ASGN Inc (NYSE:ASGN) by 0.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,521 shares of the business services provider’s stock after selling 202 shares during the quarter. North Point Portfolio Managers Corp OH owned 0.34% of ASGN worth $10,879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in shares of ASGN by 8.8% in the first quarter. Wells Fargo & Company MN now owns 1,781,065 shares of the business services provider’s stock worth $113,080,000 after acquiring an additional 144,609 shares during the period. TimesSquare Capital Management LLC boosted its stake in ASGN by 14.0% during the second quarter. TimesSquare Capital Management LLC now owns 1,757,095 shares of the business services provider’s stock valued at $106,480,000 after buying an additional 216,440 shares during the period. OppenheimerFunds Inc. boosted its stake in ASGN by 2.5% during the first quarter. OppenheimerFunds Inc. now owns 655,539 shares of the business services provider’s stock valued at $41,619,000 after buying an additional 15,984 shares during the period. Marshall Wace LLP boosted its stake in ASGN by 17.6% during the first quarter. Marshall Wace LLP now owns 604,861 shares of the business services provider’s stock valued at $38,402,000 after buying an additional 90,732 shares during the period. Finally, Geode Capital Management LLC boosted its stake in ASGN by 15.9% during the fourth quarter. Geode Capital Management LLC now owns 568,497 shares of the business services provider’s stock valued at $30,982,000 after buying an additional 77,782 shares during the period. 90.25% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the company. Credit Suisse Group dropped their price objective on ASGN from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. SunTrust Banks dropped their price objective on ASGN to $84.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. ValuEngine raised ASGN from a “strong sell” rating to a “sell” rating in a research note on Friday, June 7th. Finally, Royal Bank of Canada set a $76.00 price target on ASGN and gave the company a “buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $74.00.

ASGN stock traded up $1.77 during mid-day trading on Friday, hitting $61.16. The stock had a trading volume of 6,600 shares, compared to its average volume of 332,433. The firm has a market capitalization of $3.27 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.48 and a beta of 1.98. The company has a current ratio of 2.14, a quick ratio of 2.20 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $60.35 and its 200 day moving average is $61.34. ASGN Inc has a one year low of $50.33 and a one year high of $93.82.

ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The firm had revenue of $972.30 million during the quarter, compared to the consensus estimate of $972.24 million. ASGN had a return on equity of 19.56% and a net margin of 4.64%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 EPS. As a group, equities research analysts forecast that ASGN Inc will post 4.59 earnings per share for the current year.

About ASGN

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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