ASGN Incorporated (NYSE:ASGN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of ASGN Incorporated (NYSE:ASGN) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $97.83.

ASGN has been the topic of several recent research reports. Jefferies Financial Group cut their target price 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. BMO Capital Markets raised ASGN from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $96.00 to $100.00 in a research report on Friday, November 22nd. Canaccord Genuity Group reiterated a “buy” rating and issued a $115.00 price objective on shares of ASGN in a research note on Thursday, October 24th. Finally, StockNews.com raised ASGN from a “hold” rating to a “buy” rating in a research note on Monday.

Insider Buying and Selling at ASGN

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

Institutional Trading of ASGN

Several institutional investors have recently modified their holdings of the stock. Handelsbanken Fonder AB grew its position in shares of ASGN by 28.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock valued at $1,102,000 after buying an additional 2,600 shares during the last quarter. Reinhart Partners LLC. lifted its position in ASGN by 7.2% in the third quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider’s stock valued at $54,912,000 after acquiring an additional 39,607 shares during the last quarter. Argent Capital Management LLC boosted its stake in ASGN by 12.1% in the third quarter. Argent Capital Management LLC now owns 10,559 shares of the business services provider’s stock valued at $984,000 after acquiring an additional 1,142 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of ASGN by 17.3% during the third 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, Cim Investment Management Inc. acquired a new stake in shares of ASGN during the third quarter worth about $205,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN Trading Down 0.3 %

Shares of NYSE ASGN opened at $83.47 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $3.69 billion, a PE ratio of 21.13 and a beta of 1.37. ASGN has a twelve month low of $82.04 and a twelve month high of $106.42. The stock has a fifty day simple moving average of $90.11 and a 200-day simple moving average of $91.70.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. ASGN had a return on equity of 13.65% and a net margin of 4.37%. ASGN’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 EPS. On average, equities analysts forecast that ASGN will post 5.17 earnings per share for the current year.

About ASGN

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.