ASGN Incorporated (NYSE:ASGN) Director Sells $45,496.35 in Stock

ASGN Incorporated (NYSE:ASGN) Director Jonathan S. Holman sold 503 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total transaction of $45,496.35. Following the completion of the transaction, the director now directly owns 10,821 shares of the company’s stock, valued at approximately $978,759.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

ASGN Trading Down 2.3 %

Shares of ASGN opened at $89.17 on Thursday. The stock’s fifty day simple moving average is $93.02 and its 200 day simple moving average is $95.52. ASGN Incorporated has a twelve month low of $76.70 and a twelve month high of $106.42. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $4.09 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 14.59 and a beta of 1.40.

ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.03. ASGN had a return on equity of 14.30% and a net margin of 4.56%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $1.59 EPS. The company’s revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts forecast that ASGN Incorporated will post 5.17 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Argent Capital Management LLC raised its stake in shares of ASGN by 8.9% in the 4th quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock valued at $569,000 after acquiring an additional 484 shares during the period. LRI Investments LLC purchased a new stake in ASGN during the 1st quarter worth $154,000. Meadow Creek Wealth Advisors LLC acquired a new stake in ASGN in the 1st quarter valued at $512,000. Reinhart Partners LLC. raised its position in ASGN by 0.9% in the first quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider’s stock valued at $57,440,000 after purchasing an additional 4,931 shares during the period. Finally, SG Americas Securities LLC lifted its stake 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 worth $1,753,000 after purchasing an additional 18,868 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on ASGN. Jefferies Financial Group lowered their target price on shares of ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $115.00 price objective on shares of ASGN in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, ASGN has a consensus rating of “Hold” and a consensus price target of $97.22.

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.