Man Group plc Grows Stock Position in ASGN Inc (NYSE:ASGN)
Man Group plc increased its stake in shares of ASGN Inc (NYSE:ASGN) by 286.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,430 shares of the business services provider’s stock after purchasing an additional 150,835 shares during the quarter. Man Group plc owned 0.39% of ASGN worth $12,788,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of ASGN. Benjamin F. Edwards & Company Inc. boosted its stake in shares of ASGN by 526.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 677 shares of the business services provider’s stock valued at $43,000 after buying an additional 569 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of ASGN in the 3rd quarter valued at about $49,000. Private Capital Group LLC raised its position in shares of ASGN by 47.2% during the 2nd quarter. Private Capital Group LLC now owns 802 shares of the business services provider’s stock worth $63,000 after acquiring an additional 257 shares in the last quarter. Atria Investments LLC acquired a new stake in shares of ASGN during the 2nd quarter worth about $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ASGN by 14.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,284 shares of the business services provider’s stock worth $206,000 after purchasing an additional 412 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.
ASGN has been the subject of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of ASGN in a report on Friday, September 20th. Zacks Investment Research upgraded shares of ASGN from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, November 27th. Finally, ValuEngine lowered ASGN from a “hold” rating to a “sell” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. ASGN has a consensus rating of “Buy” and an average price target of $72.83.
ASGN (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.08. ASGN had a net margin of 4.74% and a return on equity of 19.01%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $998.20 million. During the same period in the previous year, the company posted $1.30 EPS. ASGN’s revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts anticipate that ASGN Inc will post 4.58 EPS for the current year.
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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