Argent Capital Management LLC Boosts Holdings in ASGN Incorporated (NYSE:ASGN)

Argent Capital Management LLC lifted its stake in ASGN Incorporated (NYSE:ASGN) by 12.1% during the third quarter, HoldingsChannel reports. The firm owned 10,559 shares of the business services provider’s stock after purchasing an additional 1,142 shares during the period. Argent Capital Management LLC’s holdings in ASGN were worth $984,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ASGN. Reinhart Partners LLC. increased its position in ASGN by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider’s stock valued at $54,912,000 after purchasing an additional 39,607 shares during the period. SG Americas Securities LLC increased its stake in ASGN by 1,851.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock valued at $1,753,000 after purchasing an additional 18,868 shares in the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in shares of ASGN in the first quarter worth $512,000. Handelsbanken Fonder AB lifted its stake in shares of ASGN by 28.2% during the third quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock worth $1,102,000 after buying an additional 2,600 shares during the period. Finally, LRI Investments LLC purchased a new stake in shares of ASGN during the first quarter valued at $154,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Arshad Matin sold 2,000 shares of ASGN stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $92.51, for a total value of $185,020.00. Following the sale, the director now directly owns 11,645 shares in the company, valued at approximately $1,077,278.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other ASGN news, Director Arshad Matin sold 2,000 shares of ASGN stock in a transaction on Friday, September 13th. The shares were sold at an average price of $92.51, for a total transaction of $185,020.00. Following the sale, the director now owns 11,645 shares of the company’s stock, valued at $1,077,278.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan S. Holman sold 503 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total transaction of $45,496.35. Following the completion of the sale, the director now owns 10,821 shares of the company’s stock, valued at $978,759.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

ASGN Price Performance

ASGN stock traded up $0.36 during mid-day trading on Thursday, reaching $93.40. 305,326 shares of the company’s stock were exchanged, compared to its average volume of 291,762. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 21.55 and a beta of 1.40. ASGN Incorporated has a 12-month low of $77.10 and a 12-month high of $106.42. The stock’s 50 day moving average is $93.67 and its 200 day moving average is $93.96. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 2.34.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. ASGN had a return on equity of 14.30% and a net margin of 4.56%. The business’s revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. On average, research analysts expect that ASGN Incorporated will post 5.14 EPS for the current year.

Wall Street Analyst Weigh In

ASGN has been the subject of a number of research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 target price on shares of ASGN in a report on Thursday. Jefferies Financial Group decreased their price objective on shares of ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, ASGN presently has an average rating of “Hold” and a consensus target price of $97.22.

ASGN Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.