ASGN (NYSE:ASGN) Given New $96.00 Price Target at BMO Capital Markets

ASGN (NYSE:ASGN) had its price target boosted by BMO Capital Markets from $94.00 to $96.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 2.97% from the company’s previous close.

Several other brokerages have also issued reports on ASGN. Jefferies Financial Group lowered their target price on ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Monday, September 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $115.00 price objective on shares of ASGN in a research note on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $97.44.

ASGN Price Performance

ASGN stock traded down $0.64 during trading on Friday, reaching $93.23. 121,163 shares of the company were exchanged, compared to its average volume of 292,809. ASGN has a twelve month low of $77.37 and a twelve month high of $106.42. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 21.65 and a beta of 1.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 2.34. The company has a 50-day moving average of $93.74 and a two-hundred day moving average of $93.96.

ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.08. ASGN had a return on equity of 14.30% and a net margin of 4.56%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $1.68 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts predict that ASGN will post 5.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jonathan S. Holman sold 503 shares of the company’s stock in a transaction dated 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other ASGN news, Director Arshad Matin sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $92.51, for a total transaction of $185,020.00. Following the completion of the sale, the director now directly owns 11,645 shares of the company’s stock, valued at approximately $1,077,278.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan S. Holman sold 503 shares of the firm’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 value of $45,496.35. Following the completion of the transaction, the director now owns 10,821 shares in the company, valued at $978,759.45. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On ASGN

Several institutional investors have recently bought and sold shares of ASGN. Argent Capital Management LLC boosted its holdings in ASGN by 12.1% during the 3rd quarter. Argent Capital Management LLC now owns 10,559 shares of the business services provider’s stock worth $984,000 after acquiring an additional 1,142 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in ASGN by 7.2% during the third quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider’s stock worth $54,912,000 after purchasing an additional 39,607 shares during the last quarter. Handelsbanken Fonder AB grew its position 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. SG Americas Securities LLC increased its stake in 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 buying an additional 18,868 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of ASGN during the 1st quarter worth approximately $154,000. Institutional investors own 95.36% of the company’s stock.

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.