New Mexico Educational Retirement Board purchased a new position in shares of ASGN Inc (NYSE:ASGN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,600 shares of the business services provider’s stock, valued at approximately $578,000.

Several other hedge funds have also modified their holdings of ASGN. Quantamental Technologies LLC purchased a new stake in ASGN in the fourth quarter valued at approximately $120,000. Ibex Investors LLC purchased a new stake in ASGN in the third quarter valued at approximately $205,000. Verition Fund Management LLC purchased a new stake in ASGN in the third quarter valued at approximately $247,000. GSA Capital Partners LLP purchased a new stake in ASGN in the third quarter valued at approximately $255,000. Finally, First American Bank purchased a new stake in ASGN in the third quarter valued at approximately $258,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Shares of NYSE:ASGN opened at $62.91 on Friday. ASGN Inc has a 12-month low of $51.05 and a 12-month high of $94.25. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.14 and a beta of 2.02. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.22 and a quick ratio of 2.22.

A number of brokerages have issued reports on ASGN. Zacks Investment Research downgraded ASGN from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Bank of America began coverage on ASGN in a report on Tuesday, October 23rd. They issued a “buy” rating and a $84.00 price target for the company. Wells Fargo & Co decreased their price target on ASGN from $96.00 to $82.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Credit Suisse Group decreased their price target on ASGN from $92.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $77.00 price target on shares of ASGN in a report on Monday, January 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $75.43.

In other ASGN news, insider George H. Wilson bought 3,700 shares of ASGN stock in a transaction dated Wednesday, November 14th. The stock was acquired at an average cost of $66.76 per share, with a total value of $247,012.00. Following the purchase, the insider now directly owns 3,700 shares in the company, valued at approximately $247,012. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Peter T. Dameris bought 15,000 shares of ASGN stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average cost of $65.92 per share, with a total value of $988,800.00. Following the completion of the purchase, the chief executive officer now owns 118,580 shares in the company, valued at $7,816,793.60. The disclosure for this purchase can be found here. Insiders own 3.90% of the company’s stock.

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ASGN Company Profile

ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.

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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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