ASGN (NYSE:ASGN) Given New $104.00 Price Target at Robert W. Baird

ASGN (NYSE:ASGN) had its price target raised by research analysts at Robert W. Baird from $99.00 to $104.00 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price objective points to a potential upside of 1.85% from the stock’s previous close.

ASGN has been the topic of a number of other research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $110.00 price target on shares of ASGN in a research report on Wednesday, January 3rd. Truist Financial upped their price target on ASGN from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Bank Of America (Bofa) reiterated an “underweight” rating and issued a $70.00 price target on shares of ASGN in a research report on Monday, January 8th. BMO Capital Markets upped their price target on ASGN to $110.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Finally, Jefferies Financial Group boosted their price objective on ASGN to $88.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $95.20.

ASGN Trading Up 1.3 %

Shares of ASGN stock opened at $102.11 on Thursday. The firm has a market capitalization of $4.75 billion, a P/E ratio of 22.69, a P/E/G 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 company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $99.56 and its 200 day simple moving average is $93.32.

ASGN (NYSE:ASGN) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.08. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. ASGN had a return on equity of 15.52% and a net margin of 4.93%. ASGN’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS. As a group, sell-side analysts predict that ASGN will post 5.79 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jennifer Hankes Painter sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Jennifer Hankes Painter sold 1,100 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 52,716 shares of the company’s stock, valued at $4,935,271.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Randolph C. Blazer sold 7,746 shares of the stock in a transaction that occurred 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 sale, the president now directly owns 107,923 shares of the company’s stock, valued at $10,178,218.13. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Institutional Trading of ASGN

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in shares of ASGN by 38.5% in the third 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 during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in shares of ASGN in the first quarter valued at approximately $512,000. Argent Capital Management LLC grew its holdings in shares of ASGN by 19.5% in the third quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider’s stock valued at $444,000 after acquiring an additional 887 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of ASGN by 8.1% in the third quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock valued at $1,298,000 after acquiring an additional 1,193 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in shares of ASGN by 3.6% in the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after acquiring an additional 3,787 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

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.