BMO Capital Markets Increases ASGN (NYSE:ASGN) Price Target to $96.00

ASGN (NYSE:ASGN) had its price objective hoisted by equities researchers at BMO Capital Markets from $94.00 to $96.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 3.50% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $115.00 price objective on shares of ASGN in a report on Thursday. Jefferies Financial Group dropped their price target on ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $97.44.

ASGN Trading Down 1.2 %

Shares of NYSE:ASGN opened at $92.75 on Friday. The business’s 50-day moving average is $93.77 and its 200 day moving average is $93.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 2.34. ASGN has a 1 year low of $77.37 and a 1 year high of $106.42. The firm has a market capitalization of $4.26 billion, a P/E ratio of 21.47 and a beta of 1.40.

ASGN (NYSE:ASGN) last posted 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. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. ASGN had a net margin of 4.56% and a return on equity of 14.30%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 earnings per share. On average, research analysts predict that ASGN will post 5.14 earnings per share for the current fiscal year.

Insider Buying and Selling at ASGN

In other news, 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 transaction of $45,496.35. Following the sale, the director now owns 10,821 shares of the company’s stock, valued at $978,759.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, President Randolph C. Blazer sold 10,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $95.03, for a total value of $950,300.00. Following the completion of the transaction, the president now owns 85,923 shares of the company’s stock, valued at approximately $8,165,262.69. This represents a 0.00 % 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 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 sale, the director now directly owns 10,821 shares in the company, valued at approximately $978,759.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,563 shares of company stock valued at $1,279,418. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LRI Investments LLC purchased a new stake in ASGN in the 1st quarter worth $154,000. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of ASGN in the first quarter valued at about $512,000. Argent Capital Management LLC grew 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 purchasing an additional 2,868 shares during the period. Handelsbanken Fonder AB raised 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 during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of ASGN by 1,851.6% during 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 during the last quarter. Hedge funds and other 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.