ASGN Incorporated (NYSE:ASGN) Receives Consensus Rating of “Hold” from Brokerages

Shares of ASGN Incorporated (NYSE:ASGNGet Free Report) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $99.86.

Several analysts recently weighed in on the stock. BMO Capital Markets upgraded shares of ASGN from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $96.00 to $100.00 in a report on Friday, November 22nd. Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 price objective on shares of ASGN in a report on Thursday, October 24th. Finally, Jefferies Financial Group dropped their price objective on shares of ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Monday, September 9th.

View Our Latest Stock Report on ASGN

Insider Buying and Selling

In related news, Director Carol Lindstrom sold 1,060 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $93.02, for a total value of $98,601.20. Following the sale, the director now owns 4,579 shares in the company, valued at $425,938.58. This represents a 18.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Theodore S. Hanson sold 1,200 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $99.64, for a total value of $119,568.00. Following the completion of the sale, the chief executive officer now directly owns 288,855 shares of the company’s stock, valued at $28,781,512.20. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,260 shares of company stock worth $1,168,469. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ASGN. Reinhart Partners LLC. increased its stake in shares of ASGN by 7.2% during the third quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider’s stock valued at $54,912,000 after purchasing an additional 39,607 shares in the last quarter. Argent Capital Management LLC grew its stake in shares of ASGN by 43.8% in the second quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock worth $830,000 after acquiring an additional 2,868 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of ASGN by 1,851.6% during the second quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock valued at $1,753,000 after acquiring an additional 18,868 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of ASGN by 17.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock worth $505,000 after purchasing an additional 800 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in ASGN by 28.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock worth $1,102,000 after purchasing an additional 2,600 shares in the last quarter. 95.36% of the stock is owned by institutional investors.

ASGN Stock Down 1.3 %

Shares of ASGN opened at $88.42 on Friday. The business’s 50 day moving average is $92.72 and its 200 day moving average is $92.40. ASGN has a 12-month low of $83.71 and a 12-month high of $106.42. The company has a market capitalization of $3.91 billion, a PE ratio of 22.38 and a beta of 1.37. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.58.

ASGN (NYSE:ASGNGet Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. ASGN had a return on equity of 13.65% and a net margin of 4.37%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $1.68 EPS. ASGN’s quarterly revenue was down 7.7% on a year-over-year basis. Research analysts expect that ASGN will post 5.17 earnings per share for the current fiscal year.

ASGN Company Profile

(Get Free Report

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.

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