ASGN Incorporated (NYSE:ASGN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ASGN Incorporated (NYSE:ASGN) have received an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $97.44.

Several brokerages have issued reports on ASGN. Jefferies Financial Group lowered their price target 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 upped their target price on 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.

Insiders Place Their Bets

In related news, Director Jonathan S. Holman sold 503 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $90.45, for a total value of $45,496.35. Following the sale, the director now owns 10,821 shares in the company, valued at approximately $978,759.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jonathan S. Holman sold 503 shares of ASGN 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 completion of the sale, the director now owns 10,821 shares of the company’s stock, valued at approximately $978,759.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Randolph C. Blazer sold 10,000 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $95.03, for a total transaction of $950,300.00. Following the completion of the transaction, the president now directly owns 85,923 shares in the company, valued at approximately $8,165,262.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,563 shares of company stock valued at $1,279,418 over the last 90 days. 3.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASGN. Reinhart Partners LLC. lifted its holdings in shares of 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 buying an additional 39,607 shares in the last quarter. SG Americas Securities LLC raised 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 worth $1,753,000 after purchasing an additional 18,868 shares in the last quarter. Argent Capital Management LLC boosted its holdings in ASGN by 43.8% in the 2nd quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock valued at $830,000 after purchasing an additional 2,868 shares during the period. Handelsbanken Fonder AB grew its position 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 purchasing an additional 2,600 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of ASGN during the first quarter worth approximately $154,000. 95.36% of the stock is owned by institutional investors and hedge funds.

ASGN Stock Down 0.7 %

ASGN stock opened at $98.38 on Monday. The company has a 50 day moving average of $93.85 and a 200-day moving average of $93.71. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58. ASGN has a twelve month low of $84.62 and a twelve month high of $106.42. The stock has a market capitalization of $4.35 billion, a PE ratio of 24.91 and a beta of 1.40.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. ASGN had a return on equity of 13.65% and a net margin of 4.37%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. On average, equities research analysts anticipate 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.