Texas Permanent School Fund boosted its holdings in shares of ASGN Inc (NYSE:ASGN) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,752 shares of the business services provider’s stock after acquiring an additional 1,412 shares during the period. Texas Permanent School Fund’s holdings in ASGN were worth $2,270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ASGN. Stone Ridge Asset Management LLC raised its holdings in ASGN by 1.0% in the fourth quarter. Stone Ridge Asset Management LLC now owns 17,249 shares of the business services provider’s stock worth $940,000 after buying an additional 171 shares during the last quarter. FDx Advisors Inc. raised its holdings in ASGN by 2.9% in the fourth quarter. FDx Advisors Inc. now owns 6,241 shares of the business services provider’s stock worth $340,000 after buying an additional 174 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in ASGN by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the business services provider’s stock worth $895,000 after buying an additional 200 shares during the last quarter. Advisor Group Inc. raised its holdings in ASGN by 12.7% in the fourth 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. Finally, Janus Henderson Group PLC raised its holdings in ASGN by 16.0% in the first quarter. Janus Henderson Group PLC now owns 4,353 shares of the business services provider’s stock worth $276,000 after buying an additional 602 shares during the last quarter. 88.53% of the stock is owned by institutional investors.

ASGN opened at $56.19 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.20 and a quick ratio of 2.23. ASGN Inc has a twelve month low of $51.05 and a twelve month high of $94.25. The company has a market cap of $2.97 billion, a PE ratio of 12.54, a P/E/G ratio of 1.33 and a beta of 1.91.

ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.02). ASGN had a net margin of 4.49% and a return on equity of 20.45%. The company had revenue of $923.70 million for the quarter, compared to analysts’ expectations of $921.14 million. During the same period in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. As a group, research analysts predict that ASGN Inc will post 4.67 EPS for the current fiscal year.

Several research analysts have issued reports on the stock. Royal Bank of Canada assumed coverage on shares of ASGN in a report on Tuesday, April 16th. They issued an “outperform” rating and a $79.00 target price for the company. Zacks Investment Research cut shares of ASGN from a “buy” rating to a “hold” rating in a report on Monday, February 18th. BMO Capital Markets reissued a “buy” rating and set a $77.00 price objective on shares of ASGN in a report on Monday, January 21st. Finally, Jefferies Financial Group initiated coverage on shares of ASGN in a report on Tuesday, March 12th. They set a “buy” rating and a $70.00 price objective for the company. One research analyst has 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. The company has a consensus rating of “Hold” and a consensus price target of $74.00.

In other news, Director William E. Brock sold 1,480 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $61.72, for a total transaction of $91,345.60. Following the completion of the transaction, the director now directly owns 17,513 shares of the company’s stock, valued at $1,080,902.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2019/05/19/texas-permanent-school-fund-acquires-1412-shares-of-asgn-inc-asgn.html.

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.

Read More: Earnings Per Share

Want to see what other hedge funds are holding ASGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASGN Inc (NYSE:ASGN).

Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

Receive News & Ratings for ASGN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASGN and related companies with MarketBeat.com's FREE daily email newsletter.