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

Shares of ASGN Incorporated (NYSE:ASGN) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $97.22.

ASGN has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on 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 reiterated a “buy” rating and issued a $115.00 price objective on shares of ASGN in a report on Thursday, July 25th.

ASGN Stock Performance

NYSE ASGN opened at $99.28 on Thursday. The stock has a market cap of $4.56 billion, a PE ratio of 22.98 and a beta of 1.40. The company has a current ratio of 2.34, a quick 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. The stock has a fifty day simple moving average of $93.03 and a 200-day simple moving average of $94.16.

ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. ASGN had a return on equity of 14.30% and a net margin of 4.56%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business posted $1.59 EPS. The company’s revenue was down 8.5% compared to the same quarter last year. Equities analysts anticipate that ASGN will post 5.14 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Arshad Matin sold 2,000 shares of the firm’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 transaction, the director now owns 11,645 shares in the company, valued at $1,077,278.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Arshad Matin sold 2,000 shares of the firm’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 transaction, the director now owns 11,645 shares in the company, valued at $1,077,278.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan S. Holman sold 503 shares of ASGN 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Argent Capital Management LLC grew its stake in shares of ASGN by 10.7% in the 1st quarter. Argent Capital Management LLC now owns 6,549 shares of the business services provider’s stock valued at $686,000 after purchasing an additional 632 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of ASGN in the 1st quarter valued at approximately $154,000. Handelsbanken Fonder AB lifted its holdings in shares of ASGN by 28.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock valued at $1,102,000 after buying an additional 2,600 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of ASGN in the 1st quarter valued at approximately $512,000. Finally, SG Americas Securities LLC lifted its holdings in shares of 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 period. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

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.