New South Capital Management Inc. Increases Stock Position in ASGN Incorporated $ASGN

New South Capital Management Inc. grew its stake in ASGN Incorporated (NYSE:ASGN) by 46.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 456,116 shares of the business services provider’s stock after acquiring an additional 143,696 shares during the period. ASGN comprises 1.0% of New South Capital Management Inc.’s investment portfolio, making the stock its 28th biggest holding. New South Capital Management Inc. owned approximately 1.07% of ASGN worth $21,597,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. LRI Investments LLC raised its position in ASGN by 761.9% in the third quarter. LRI Investments LLC now owns 1,741 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 1,539 shares during the period. TradeLink Capital LLC purchased a new stake in shares of ASGN in the 3rd quarter valued at $259,000. SummerHaven Investment Management LLC acquired a new position in ASGN during the 3rd quarter worth about $797,000. Kennedy Capital Management LLC boosted its holdings in ASGN by 1.7% during the 2nd quarter. Kennedy Capital Management LLC now owns 35,243 shares of the business services provider’s stock valued at $1,760,000 after acquiring an additional 594 shares during the period. Finally, SG Americas Securities LLC grew its position in ASGN by 1,376.9% in the 3rd quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock valued at $3,467,000 after acquiring an additional 68,266 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN Price Performance

Shares of ASGN opened at $41.82 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.65. The firm’s fifty day simple moving average is $49.07 and its 200-day simple moving average is $48.57. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 16.02 and a beta of 0.87. ASGN Incorporated has a twelve month low of $39.25 and a twelve month high of $78.28.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, February 4th. The business services provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.03). The business had revenue of $980.10 million during the quarter, compared to analysts’ expectations of $979.05 million. ASGN had a net margin of 2.85% and a return on equity of 10.94%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.28 EPS. ASGN has set its Q1 2026 guidance at 0.930-1.020 EPS. Equities analysts forecast that ASGN Incorporated will post 5.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and set a $65.00 price target on shares of ASGN in a research report on Friday, February 6th. UBS Group reduced their target price on shares of ASGN from $47.00 to $45.00 and set a “sell” rating on the stock in a report on Thursday, October 23rd. Robert W. Baird set a $62.00 price target on shares of ASGN in a research report on Thursday, February 5th. Wells Fargo & Company upped their price objective on ASGN from $49.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Finally, Truist Financial lifted their target price on ASGN from $50.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $54.71.

ASGN Profile

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.