ASGN Incorporated (NYSE:ASGN) Receives $96.67 Average Price Target from Brokerages

Shares of ASGN Incorporated (NYSE:ASGN) have been assigned a consensus rating of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $96.67.

A number of research analysts have commented on the company. Robert W. Baird upped their price target on ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. BMO Capital Markets cut their price objective on ASGN from $95.00 to $94.00 and set a “market perform” rating on the stock in a report on Friday, April 26th.

ASGN Stock Up 0.1 %

Shares of ASGN opened at $95.37 on Monday. The company’s 50-day moving average price is $99.38 and its 200 day moving average price is $95.63. ASGN has a 12-month low of $64.91 and a 12-month high of $106.42. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.38 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 7.49 and a beta of 1.51.

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

Insider Activity

In other news, Director Marty R. Kittrell sold 1,000 shares of ASGN stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $98.61, for a total value of $98,610.00. Following the completion of the transaction, the director now owns 4,316 shares in the company, valued at approximately $425,600.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 transaction, the president now owns 101,923 shares of the company’s stock, valued at $9,988,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marty R. Kittrell sold 1,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $98.61, for a total value of $98,610.00. Following the completion of the sale, the director now owns 4,316 shares in the company, valued at $425,600.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,000 shares of company stock worth $783,650. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in ASGN by 38.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock worth $50,000 after acquiring an additional 171 shares in the last quarter. LRI Investments LLC purchased a new position in shares of ASGN during the first quarter worth about $154,000. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of ASGN during the first quarter worth about $512,000. Argent Capital Management LLC lifted its holdings 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 last quarter. Finally, 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. Hedge funds and other institutional investors 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.