Voya Investment Management LLC Has $27.56 Million Stake in ASGN Inc (NYSE:ASGN)

Voya Investment Management LLC decreased its stake in shares of ASGN Inc (NYSE:ASGN) by 30.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 438,468 shares of the business services provider’s stock after selling 192,425 shares during the quarter. Voya Investment Management LLC’s holdings in ASGN were worth $27,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Systematic Financial Management LP grew its position in ASGN by 1.8% in the 3rd quarter. Systematic Financial Management LP now owns 306,512 shares of the business services provider’s stock valued at $19,267,000 after purchasing an additional 5,466 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in ASGN in the 3rd quarter valued at $49,000. BBVA USA Bancshares Inc. grew its position in ASGN by 19.0% in the 3rd quarter. BBVA USA Bancshares Inc. now owns 14,389 shares of the business services provider’s stock valued at $905,000 after purchasing an additional 2,295 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in 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 purchasing an additional 569 shares during the period. Finally, First Trust Advisors LP grew its position in ASGN by 59.2% in the 3rd quarter. First Trust Advisors LP now owns 35,431 shares of the business services provider’s stock valued at $2,227,000 after purchasing an additional 13,180 shares during the period. 91.53% of the stock is owned by institutional investors.

ASGN opened at $67.01 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.58 and a beta of 1.92. The firm’s fifty day moving average price is $64.24 and its two-hundred day moving average price is $60.79. ASGN Inc has a 1 year low of $50.33 and a 1 year high of $70.55.

ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.08. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $998.20 million. ASGN had a net margin of 4.74% and a return on equity of 19.01%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS. As a group, equities analysts anticipate that ASGN Inc will post 4.58 EPS for the current year.

Several research firms recently issued reports on ASGN. ValuEngine downgraded shares of ASGN from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. William Blair reaffirmed an “outperform” rating on shares of ASGN in a report on Friday, September 20th. Finally, Zacks Investment Research raised shares of ASGN from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. ASGN presently has a consensus rating of “Buy” and an average target price of $72.83.

About ASGN

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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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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