ASGN Incorporated (NYSE:ASGN) President Sells $588,000.00 in Stock

ASGN Incorporated (NYSE:ASGN) President Randolph C. Blazer sold 6,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $98.00, for a total value of $588,000.00. Following the completion of the sale, the president now directly owns 101,923 shares in the company, valued at $9,988,454. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

ASGN Trading Up 0.8 %

Shares of ASGN stock opened at $99.64 on Thursday. The stock has a 50-day simple moving average of $99.78 and a 200 day simple moving average of $94.37. ASGN Incorporated has a fifty-two week low of $63.27 and a fifty-two week high of $106.42. The stock has a market capitalization of $4.57 billion, a P/E ratio of 23.06, a P/E/G ratio of 7.40 and a beta of 1.51. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.56.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. ASGN had a return on equity of 14.90% and a net margin of 4.76%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business posted $1.38 earnings per share. The company’s quarterly revenue was down 7.1% on a year-over-year basis. On average, sell-side analysts expect that ASGN Incorporated will post 5.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in ASGN by 38.5% during the third quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock valued at $50,000 after buying an additional 171 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in shares of ASGN in the 1st quarter valued at $512,000. Argent Capital Management LLC boosted 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 purchasing an additional 484 shares during the period. Kennedy Capital Management LLC boosted 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 purchasing an additional 3,787 shares during the period. Finally, Reinhart Partners LLC. boosted its position in shares of ASGN by 10.7% in the 4th quarter. Reinhart Partners LLC. now owns 543,369 shares of the business services provider’s stock valued at $52,256,000 after purchasing an additional 52,516 shares during the period. Institutional investors own 95.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ASGN. Robert W. Baird increased their target price on ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. BMO Capital Markets lowered their price target on ASGN from $95.00 to $94.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Finally, Jefferies Financial Group raised their price target on ASGN to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $96.67.

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.