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

Shares of ASGN Incorporated (NYSE:ASGN) have received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $93.50.

Several research analysts have recently commented on the company. Bank Of America (Bofa) reiterated an “underweight” rating and set a $70.00 target price on shares of ASGN in a research note on Monday, January 8th. Jefferies Financial Group lifted their target price on ASGN to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Canaccord Genuity Group reiterated a “buy” rating and set a $110.00 target price on shares of ASGN in a research note on Wednesday, January 3rd. Robert W. Baird lifted their target price on ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Truist Financial lifted their target price on ASGN from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd.

ASGN Stock Up 1.3 %

NYSE:ASGN opened at $102.11 on Thursday. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 4.05 and a beta of 1.50. ASGN has a twelve month low of $63.27 and a twelve month high of $106.42. The stock’s 50 day moving average price is $99.56 and its two-hundred day moving average price is $93.32. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.55.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.16 earnings per share for the quarter, hitting the consensus estimate of $1.16. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. ASGN had a return on equity of 15.52% and a net margin of 4.93%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 EPS. Equities research analysts expect that ASGN will post 5.79 earnings per share for the current fiscal year.

Insider Buying and Selling at ASGN

In other ASGN news, President Randolph C. Blazer sold 7,746 shares of ASGN stock in a transaction on Friday, February 9th. The stock was sold at an average price of $94.31, for a total value of $730,525.26. Following the completion of the transaction, the president now directly owns 107,923 shares of the company’s stock, valued at approximately $10,178,218.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other ASGN news, SVP Jennifer Hankes Painter sold 1,100 shares of ASGN stock in a transaction on Friday, February 9th. The stock was sold at an average price of $93.62, for a total value of $102,982.00. Following the completion of the transaction, the senior vice president now directly owns 52,716 shares of the company’s stock, valued at approximately $4,935,271.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Randolph C. Blazer sold 7,746 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $94.31, for a total value of $730,525.26. Following the transaction, the president now directly owns 107,923 shares of the company’s stock, valued at approximately $10,178,218.13. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On ASGN

A number of institutional investors have recently modified their holdings of ASGN. EverSource Wealth Advisors LLC increased its holdings in ASGN by 38.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock worth $50,000 after purchasing an additional 171 shares in the last quarter. Argent Capital Management LLC grew its position in shares of ASGN by 8.9% in the 4th quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock valued at $569,000 after buying an additional 484 shares during the last quarter. SG Americas Securities LLC grew its position in shares of ASGN by 8.1% in the 3rd quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock valued at $1,298,000 after buying an additional 1,193 shares during the last quarter. Kennedy Capital Management LLC grew its position in shares of ASGN by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after buying an additional 3,787 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC bought a new stake in shares of ASGN during the 1st quarter valued at about $512,000. Institutional investors and hedge funds 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.