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

Shares of ASGN Incorporated (NYSE:ASGN) have earned a consensus rating of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $97.44.

A number of equities research analysts recently commented on ASGN shares. Jefferies Financial Group decreased their target price on ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a report on Monday, September 9th. 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, BMO Capital Markets boosted their target price on shares of ASGN from $94.00 to $96.00 and gave the company a “market perform” rating in a research report on Friday, October 25th.

Insider Transactions at ASGN

In other news, Director Arshad Matin sold 2,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were 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 owns 11,645 shares of the company’s stock, valued at $1,077,278.95. The trade was a 14.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Theodore S. Hanson sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $99.64, for a total transaction of $119,568.00. Following the completion of the transaction, the chief executive officer now directly owns 288,855 shares in the company, valued at $28,781,512.20. This represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,763 shares of company stock valued at $1,398,986 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ASGN

A number of hedge funds have recently made changes to their positions in ASGN. Reinhart Partners LLC. increased its position 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 purchasing an additional 39,607 shares in the last quarter. Argent Capital Management LLC raised its position in shares of ASGN by 43.8% in the second quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock valued at $830,000 after buying an additional 2,868 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of ASGN by 1,851.6% in the second 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 in the last quarter. Crossmark Global Holdings Inc. boosted its position in 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 acquiring an additional 800 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in ASGN in the 1st quarter valued at about $154,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN Stock Down 4.2 %

NYSE:ASGN opened at $87.89 on Monday. The company has a current ratio of 2.25, a quick 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 company has a market cap of $3.88 billion, a PE ratio of 22.25 and a beta of 1.40. The company’s 50 day moving average is $94.02 and its two-hundred day moving average is $93.62.

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, 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 firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $1.68 EPS. The firm’s revenue was down 7.7% on a year-over-year basis. Analysts anticipate that ASGN will post 5.17 EPS for the current 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.