Janus Henderson Group PLC Purchases New Stake in ASGN Inc (ASGN)
Janus Henderson Group PLC purchased a new position in shares of ASGN Inc (NYSE:ASGN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,596 shares of the business services provider’s stock, valued at approximately $203,000.
A number of other large investors have also added to or reduced their stakes in the stock. Frontier Investment Mgmt Co. bought a new position in ASGN during the second quarter worth about $1,173,000. BlackRock Inc. bought a new position in ASGN during the second quarter worth about $559,307,000. GAM Holding AG bought a new position in ASGN during the second quarter worth about $848,000. Pinebridge Investments L.P. bought a new position in ASGN in the 2nd quarter valued at about $589,000. Finally, Royce & Associates LP bought a new position in ASGN in the 2nd quarter valued at about $9,907,000. 91.66% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on ASGN. Zacks Investment Research raised shares of ASGN from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Wednesday, August 15th. ValuEngine lowered shares of ASGN from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st. Robert W. Baird reissued a “neutral” rating on shares of ASGN in a report on Thursday, July 26th. Finally, Credit Suisse Group began coverage on shares of ASGN in a report on Friday, August 10th. They issued a “neutral” rating and a $92.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. ASGN currently has an average rating of “Buy” and an average price target of $84.00.
ASGN (NYSE:ASGN) last released its earnings results on Wednesday, July 25th. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.05 by $0.06. ASGN had a net margin of 5.67% and a return on equity of 19.07%. The firm had revenue of $878.50 million for the quarter, compared to analyst estimates of $865.03 million. During the same period last year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. equities research analysts forecast that ASGN Inc will post 4.14 earnings per share for the current fiscal year.
In related news, CFO Edward L. Pierce sold 25,000 shares of ASGN stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $90.77, for a total transaction of $2,269,250.00. Following the sale, the chief financial officer now directly owns 56,584 shares of the company’s stock, valued at approximately $5,136,129.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeremy M. Jones sold 1,278 shares of ASGN stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $92.05, for a total transaction of $117,639.90. Following the sale, the director now directly owns 408 shares in the company, valued at $37,556.40. The disclosure for this sale can be found here. Insiders have sold a total of 50,687 shares of company stock worth $4,630,186 over the last ninety days. 3.90% of the stock is currently owned by insiders.
ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.
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