Russell Investments Group Ltd. Has $1.30 Million Holdings in ASGN Incorporated (NYSE:ASGN)

Russell Investments Group Ltd. lowered its stake in shares of ASGN Incorporated (NYSE:ASGN) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 15,589 shares of the business services provider’s stock after selling 1,009 shares during the period. Russell Investments Group Ltd.’s holdings in ASGN were worth $1,299,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Argent Capital Management LLC boosted its position in shares of ASGN by 31.6% during the 4th quarter. Argent Capital Management LLC now owns 13,898 shares of the business services provider’s stock valued at $1,158,000 after acquiring an additional 3,339 shares in the last quarter. Cibc World Markets Corp acquired a new stake in ASGN during the fourth quarter valued at approximately $337,000. Entropy Technologies LP bought a new stake in shares of ASGN in the 4th quarter valued at approximately $299,000. Cim Investment Management Inc. bought a new stake in shares of ASGN in the 3rd quarter valued at approximately $205,000. Finally, J.Safra Asset Management Corp raised its holdings in shares of ASGN by 48.1% in the 4th quarter. J.Safra Asset Management Corp now owns 428 shares of the business services provider’s stock worth $36,000 after buying an additional 139 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

ASGN Stock Performance

Shares of ASGN stock opened at $58.18 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a 50 day simple moving average of $65.79 and a 200 day simple moving average of $81.47. ASGN Incorporated has a fifty-two week low of $55.95 and a fifty-two week high of $105.67. The firm has a market cap of $2.56 billion, a P/E ratio of 15.15 and a beta of 1.20.

ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, February 5th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. ASGN had a net margin of 4.27% and a return on equity of 13.22%. Sell-side analysts predict that ASGN Incorporated will post 5.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Truist Financial reduced their price target on shares of ASGN from $105.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, ASGN has a consensus rating of “Moderate Buy” and a consensus target price of $96.40.

ASGN Company 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.