ASGN Incorporated (NYSE:ASGN) Receives $96.38 Consensus PT from Analysts

ASGN Incorporated (NYSE:ASGN) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $99.86.

A number of analysts have issued reports on the company. BMO Capital Markets raised ASGN from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $96.00 to $100.00 in a research note on Friday, November 22nd. Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 target price on shares of ASGN in a research report on Thursday, October 24th. Finally, Jefferies Financial Group dropped their price target on shares of ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Monday, September 9th.

Insider Buying and Selling

In related news, President Randolph C. Blazer sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $95.03, for a total transaction of $950,300.00. Following the sale, the president now directly owns 85,923 shares in the company, valued at approximately $8,165,262.69. This trade represents a 10.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Theodore S. Hanson sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $99.64, for a total value of $119,568.00. Following the transaction, the chief executive officer now directly owns 288,855 shares in the company, valued at $28,781,512.20. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,260 shares of company stock valued at $1,353,489. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of ASGN

A number of hedge funds have recently made changes to their positions in ASGN. Crossmark Global Holdings Inc. boosted its stake in shares of ASGN by 17.3% in the third quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock valued at $505,000 after purchasing an additional 800 shares during the period. Argent Capital Management LLC lifted its holdings in ASGN by 12.1% in the 3rd quarter. Argent Capital Management LLC now owns 10,559 shares of the business services provider’s stock worth $984,000 after buying an additional 1,142 shares in the last quarter. Cim Investment Management Inc. purchased a new position in ASGN in the 3rd quarter valued at about $205,000. Handelsbanken Fonder AB grew its stake in shares of ASGN by 28.2% during the third quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock valued at $1,102,000 after acquiring an additional 2,600 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of 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 acquiring an additional 18,868 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN Stock Performance

NYSE:ASGN opened at $89.61 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market cap of $3.96 billion, a PE ratio of 22.69 and a beta of 1.38. The firm has a 50 day simple moving average of $92.89 and a 200-day simple moving average of $92.45. ASGN has a 1-year low of $83.71 and a 1-year high of $106.42.

ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share 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 company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $1.68 EPS. ASGN’s revenue was down 7.7% on a year-over-year basis. On average, equities 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.