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

Shares of ASGN Incorporated (NYSE:ASGN) have earned a consensus recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $97.44.

A number of analysts recently issued reports on ASGN shares. Canaccord Genuity Group reissued a “buy” rating and set a $115.00 target price on shares of ASGN in a research note on Thursday, October 24th. BMO Capital Markets raised their price objective on shares of ASGN from $94.00 to $96.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Finally, 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 research report on Monday, September 9th.

Insider Activity at ASGN

In other ASGN news, CEO Theodore S. Hanson sold 1,200 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $99.64, for a total transaction of $119,568.00. Following the sale, the chief executive officer now directly owns 288,855 shares of the company’s stock, valued at approximately $28,781,512.20. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Randolph C. Blazer sold 10,000 shares of ASGN stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $95.03, for a total transaction of $950,300.00. Following the completion of the transaction, the president now directly owns 85,923 shares of the company’s stock, valued at approximately $8,165,262.69. This trade represents a 10.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,763 shares of company stock valued at $1,398,986. 3.20% of the stock is owned by insiders.

Institutional Trading of ASGN

Several institutional investors and hedge funds have recently bought and sold shares of the business. 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 purchasing an additional 800 shares during the period. Argent Capital Management LLC boosted its holdings in shares of ASGN by 12.1% during 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 during the period. Reinhart Partners LLC. grew its stake in ASGN by 7.2% in the 3rd quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider’s stock valued at $54,912,000 after buying an additional 39,607 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in 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 acquiring an additional 2,600 shares during the period. Finally, SG Americas Securities LLC lifted its position 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 acquiring an additional 18,868 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

ASGN Trading Down 4.2 %

Shares of NYSE ASGN opened at $87.90 on Monday. ASGN has a twelve month low of $84.62 and a twelve month high of $106.42. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 22.25 and a beta of 1.40. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average is $94.06 and its 200-day moving average is $93.71.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share for the quarter, topping 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 analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts predict that ASGN will post 5.17 EPS for the current year.

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.