ASGN Incorporated (NYSE:ASGN) Given Consensus Recommendation of “Hold” by Analysts

Shares of ASGN Incorporated (NYSE:ASGN) have been given a consensus rating of “Hold” by the ten analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $97.22.

A number of equities research analysts have weighed in on ASGN shares. Jefferies Financial Group cut their price objective on shares of ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Monday, September 9th. Canaccord Genuity Group restated a “buy” rating and set a $115.00 target price on shares of ASGN in a research note on Thursday, July 25th.

Insider Activity at ASGN

In related 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 directly owns 10,821 shares in the company, valued at approximately $978,759.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Arshad Matin sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $92.51, for a total value of $185,020.00. Following the completion of the sale, the director now owns 11,645 shares of the company’s stock, valued at approximately $1,077,278.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan S. Holman sold 503 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 directly owns 10,821 shares of the company’s stock, valued at approximately $978,759.45. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ASGN

Hedge funds have recently modified their holdings of the business. LRI Investments LLC acquired a new position in ASGN during the 1st quarter valued at approximately $154,000. Meadow Creek Wealth Advisors LLC purchased a new stake in ASGN during the first quarter worth $512,000. Argent Capital Management LLC boosted its holdings in ASGN by 8.9% during the fourth quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock worth $569,000 after buying an additional 484 shares in the last quarter. SG Americas Securities LLC boosted its holdings in ASGN by 1,851.6% during 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. Finally, Reinhart Partners LLC. boosted its holdings in ASGN by 0.9% during the first quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider’s stock worth $57,440,000 after buying an additional 4,931 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN Stock Performance

ASGN stock opened at $93.25 on Friday. The company has a market capitalization of $4.28 billion, a PE ratio of 21.59, a P/E/G ratio of 14.49 and a beta of 1.40. The firm has a fifty day simple moving average of $93.62 and a two-hundred day simple moving average of $95.17. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. ASGN has a twelve month low of $76.70 and a twelve month high of $106.42.

ASGN (NYSE:ASGN) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.33 by $0.03. ASGN had a net margin of 4.56% and a return on equity of 14.30%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted $1.59 earnings per share. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. Research analysts expect 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.