Oregon Public Employees Retirement Fund Raises Stake in ASGN Inc (NYSE:ASGN)

Oregon Public Employees Retirement Fund grew its stake in shares of ASGN Inc (NYSE:ASGN) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,271 shares of the business services provider’s stock after purchasing an additional 301 shares during the period. Oregon Public Employees Retirement Fund’s holdings in ASGN were worth $1,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ASGN. First Mercantile Trust Co. boosted its position in shares of ASGN by 16.8% during the 1st quarter. First Mercantile Trust Co. now owns 1,250 shares of the business services provider’s stock worth $79,000 after purchasing an additional 180 shares in the last quarter. Advisor Group Inc. raised its stake in shares of ASGN by 12.7% during the 4th quarter. Advisor Group Inc. now owns 2,256 shares of the business services provider’s stock worth $123,000 after buying an additional 255 shares during the last quarter. CAPROCK Group Inc. acquired a new position in shares of ASGN during the 1st quarter worth $224,000. Oakbrook Investments LLC acquired a new position in shares of ASGN during the 1st quarter worth $233,000. Finally, Keybank National Association OH acquired a new position in shares of ASGN during the 1st quarter worth $238,000. Institutional investors own 89.79% of the company’s stock.

Several research analysts have recently issued reports on ASGN shares. Royal Bank of Canada set a $76.00 price target on ASGN and gave the stock a “buy” rating in a research note on Friday, July 26th. Credit Suisse Group cut their price target 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 cut their price target on ASGN to $84.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, ValuEngine raised ASGN from a “strong sell” rating to a “sell” rating in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $74.00.

ASGN stock traded down $0.11 during trading on Tuesday, hitting $59.10. The stock had a trading volume of 23,165 shares, compared to its average volume of 338,680. The company has a 50 day moving average price of $59.71. ASGN Inc has a 1-year low of $50.33 and a 1-year high of $93.82. The company has a market capitalization of $3.19 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 1.44 and a beta of 1.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.20 and a current ratio of 2.14.

ASGN (NYSE:ASGN) last announced 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). ASGN had a net margin of 4.64% and a return on equity of 19.56%. The firm had revenue of $972.30 million during the quarter, compared to analyst estimates of $972.24 million. During the same period in the previous year, the firm posted $1.11 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts predict that ASGN Inc will post 4.59 earnings per share for the current year.

ASGN Company 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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