ASGN Inc (NYSE:ASGN) Shares Bought by Tygh Capital Management Inc.

Tygh Capital Management Inc. raised its stake in ASGN Inc (NYSE:ASGN) by 10.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,450 shares of the business services provider’s stock after acquiring an additional 14,257 shares during the quarter. ASGN makes up 1.6% of Tygh Capital Management Inc.’s portfolio, making the stock its 21st biggest holding. Tygh Capital Management Inc.’s holdings in ASGN were worth $9,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ASGN. Wells Fargo & Company MN increased its stake in ASGN by 8.8% during the first quarter. Wells Fargo & Company MN now owns 1,781,065 shares of the business services provider’s stock worth $113,080,000 after acquiring an additional 144,609 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in ASGN by 14.0% during the second quarter. TimesSquare Capital Management LLC now owns 1,757,095 shares of the business services provider’s stock worth $106,480,000 after acquiring an additional 216,440 shares during the last quarter. OppenheimerFunds Inc. increased its stake in ASGN by 2.5% during the first quarter. OppenheimerFunds Inc. now owns 655,539 shares of the business services provider’s stock worth $41,619,000 after acquiring an additional 15,984 shares during the last quarter. Marshall Wace LLP increased its stake in ASGN by 17.6% during the first quarter. Marshall Wace LLP now owns 604,861 shares of the business services provider’s stock worth $38,402,000 after acquiring an additional 90,732 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in ASGN by 15.9% during the fourth quarter. Geode Capital Management LLC now owns 568,497 shares of the business services provider’s stock worth $30,982,000 after acquiring an additional 77,782 shares during the last quarter. 89.87% of the stock is owned by institutional investors.

Shares of ASGN stock traded up $1.22 on Wednesday, reaching $63.45. 4,668 shares of the company were exchanged, compared to its average volume of 336,604. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.14 and a current ratio of 2.14. The company’s 50-day moving average is $60.54 and its two-hundred day moving average is $61.34. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.47 and a beta of 1.98. ASGN Inc has a 1-year low of $50.33 and a 1-year high of $93.82.

ASGN (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The company had revenue of $972.30 million for the quarter, compared to analyst estimates of $972.24 million. ASGN had a return on equity of 19.56% and a net margin of 4.64%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 earnings per share. As a group, sell-side analysts forecast that ASGN Inc will post 4.59 earnings per share for the current year.

Several equities research analysts have commented on ASGN shares. ValuEngine upgraded ASGN from a “strong sell” rating to a “sell” rating in a research note on Friday, June 7th. Royal Bank of Canada set a $76.00 target price on ASGN and gave the stock a “buy” rating in a research report on Friday, July 26th. SunTrust Banks decreased their target price on ASGN to $84.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Credit Suisse Group decreased their target price on ASGN from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. ASGN currently has an average rating of “Buy” and an average target price of $74.00.

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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