ASGN Incorporated (NYSE:ASGN) Receives $96.38 Average Target Price from Brokerages

Shares of ASGN Incorporated (NYSE:ASGN) have earned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $99.86.

A number of research analysts recently commented on ASGN shares. Canaccord Genuity Group restated a “buy” rating and set a $115.00 price objective on shares of ASGN in a research note on Thursday, October 24th. 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 report on Monday, September 9th. Finally, BMO Capital Markets raised shares of ASGN from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $96.00 to $100.00 in a research note on Friday, November 22nd.

Insider Buying and Selling

In related news, Director Jonathan S. Holman sold 503 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $90.45, for a total transaction of $45,496.35. Following the transaction, the director now directly owns 10,821 shares of the company’s stock, valued at approximately $978,759.45. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Randolph C. Blazer sold 10,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $95.03, for a total value of $950,300.00. Following the completion of the transaction, the president now owns 85,923 shares in the company, valued at $8,165,262.69. This represents a 10.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,763 shares of company stock valued at $1,398,986. 3.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ASGN. Cim Investment Management Inc. bought a new position in shares of ASGN during the 3rd quarter valued at $205,000. Crossmark Global Holdings Inc. lifted its position in shares of ASGN by 17.3% in the third quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock worth $505,000 after buying an additional 800 shares during the last quarter. Argent Capital Management LLC boosted its stake in shares of ASGN by 43.8% during the 2nd 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 in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of ASGN by 28.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock valued at $1,102,000 after acquiring an additional 2,600 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of ASGN by 1,851.6% in the 2nd 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. 95.36% of the stock is owned by institutional investors and hedge funds.

ASGN Trading Down 0.2 %

ASGN opened at $88.73 on Friday. The stock has a market capitalization of $3.92 billion, a PE ratio of 22.46 and a beta of 1.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 2.25. ASGN has a 12-month low of $83.71 and a 12-month high of $106.42. The firm’s fifty day moving average price is $93.03 and its 200 day moving average price is $92.52.

ASGN (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. ASGN’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, research analysts expect that ASGN will post 5.17 EPS for the current fiscal year.

ASGN Company 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.