GAMMA Investing LLC Purchases 65,719 Shares of ASGN Incorporated (NYSE:ASGN)

GAMMA Investing LLC boosted its position in shares of ASGN Incorporated (NYSE:ASGN - Free Report) by 47,970.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,856 shares of the business services provider's stock after purchasing an additional 65,719 shares during the quarter. GAMMA Investing LLC owned about 0.15% of ASGN worth $41,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its stake 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 valued at $36,000 after acquiring an additional 139 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of ASGN in the 4th quarter valued at about $299,000. Cibc World Markets Corp bought a new stake in shares of ASGN in the 4th quarter valued at about $337,000. Finally, Pinebridge Investments L.P. increased its stake in shares of ASGN by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider's stock valued at $1,832,000 after acquiring an additional 6,576 shares during the last quarter. 95.36% of the stock is owned by institutional investors.

ASGN Stock Up 1.3%

NYSE:ASGN traded up $0.67 during trading hours on Friday, reaching $53.25. 475,096 shares of the stock were exchanged, compared to its average volume of 414,645. ASGN Incorporated has a twelve month low of $47.64 and a twelve month high of $105.67. 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 moving average of $55.75 and a 200 day moving average of $71.83. The stock has a market cap of $2.34 billion, a PE ratio of 13.87 and a beta of 1.00.

ASGN (NYSE:ASGN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.03). The company had revenue of $968.30 million during the quarter, compared to analyst estimates of $971.00 million. ASGN had a net margin of 4.27% and a return on equity of 13.22%. The company's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. On average, equities analysts expect that ASGN Incorporated will post 5.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on ASGN in a research report on Tuesday. They issued an "equal weight" rating and a $56.00 price objective for the company. Truist Financial decreased their price objective on ASGN from $105.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. UBS Group decreased their price objective on ASGN from $56.00 to $54.00 and set a "sell" rating for the company in a research report on Thursday, April 24th. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $55.00 price objective (down from $115.00) on shares of ASGN in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $71.33.

ASGN 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.