ASGN Incorporated (NYSE:ASGN) Given Average Rating of “Hold” by Brokerages

ASGN Incorporated (NYSE:ASGN) has received an average rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $97.44.

ASGN has been the topic of several research analyst reports. Jefferies Financial Group lowered 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 their target price on shares of ASGN from $94.00 to $96.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $115.00 price target on shares of ASGN in a research note on Thursday, October 24th.

Insider Activity

In other news, CEO Theodore S. Hanson sold 1,200 shares of the business’s stock in a transaction dated 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 owns 288,855 shares in the company, valued at approximately $28,781,512.20. The trade was a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan S. Holman sold 503 shares of the 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 transaction, the director now owns 10,821 shares in the company, valued at approximately $978,759.45. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,763 shares of company stock valued at $1,398,986. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of ASGN

A number of hedge funds have recently bought and sold shares of the stock. Reinhart Partners LLC. raised its position in shares of ASGN by 7.2% in the 3rd quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider’s stock worth $54,912,000 after acquiring an additional 39,607 shares in the last quarter. SG Americas Securities LLC grew its position 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 worth $1,753,000 after buying an additional 18,868 shares during the last quarter. Handelsbanken Fonder AB raised its stake 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 worth $1,102,000 after acquiring an additional 2,600 shares in the last quarter. Argent Capital Management LLC lifted its position in ASGN by 12.1% during 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 during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in ASGN by 17.3% in the third quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock valued at $505,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN Stock Down 4.2 %

Shares of ASGN stock opened at $87.89 on Monday. The company has a 50-day simple moving average of $94.02 and a two-hundred day simple moving average of $93.62. ASGN has a 52-week low of $84.62 and a 52-week high of $106.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a market capitalization of $3.88 billion, a PE ratio of 22.25 and a beta of 1.40.

ASGN (NYSE:ASGN) last released 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 business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm posted $1.68 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. On average, analysts anticipate that ASGN will post 5.17 EPS for the current fiscal 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.