ASGN (NYSE:ASGN) Price Target Increased to $104.00 by Analysts at Robert W. Baird

ASGN (NYSE:ASGN) had its price objective upped by Robert W. Baird from $99.00 to $104.00 in a report issued on Thursday, Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

Several other analysts also recently weighed in on ASGN. Jefferies Financial Group upped their price objective on ASGN to $88.00 and gave the stock a hold rating in a research report on Wednesday, January 10th. Canaccord Genuity Group reissued a buy rating and issued a $110.00 target price on shares of ASGN in a report on Wednesday, January 3rd. Bank Of America (Bofa) reaffirmed an underweight rating and set a $70.00 price target on shares of ASGN in a report on Monday, January 8th. BMO Capital Markets upped their price objective on shares of ASGN to $110.00 and gave the stock a hold rating in a research report on Wednesday, January 10th. Finally, Truist Financial raised their target price on shares of ASGN from $93.00 to $110.00 and gave the company a buy rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, ASGN presently has an average rating of Hold and a consensus price target of $96.67.

ASGN Trading Down 1.2 %

Shares of ASGN stock opened at $97.51 on Thursday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.56. ASGN has a 12-month low of $63.27 and a 12-month high of $106.42. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 4.01 and a beta of 1.50. The firm’s 50-day moving average price is $99.60 and its two-hundred day moving average price is $93.61.

ASGN (NYSE:ASGN) last announced its quarterly earnings data 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. ASGN had a net margin of 4.76% and a return on equity of 14.90%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $1.38 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts forecast that ASGN will post 5.28 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 the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the completion of the transaction, the president now owns 107,923 shares in the company, valued at approximately $10,178,218.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Jennifer Hankes Painter sold 1,100 shares of ASGN stock in a transaction on Friday, February 9th. The shares were 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 owns 52,716 shares in the company, valued at approximately $4,935,271.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the transaction, the president now owns 107,923 shares in the company, valued at approximately $10,178,218.13. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On ASGN

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 171 shares in the last quarter. Argent Capital Management LLC increased its stake in ASGN by 8.9% during 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 in the last quarter. SG Americas Securities LLC raised its holdings in ASGN by 8.1% during the third quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock worth $1,298,000 after buying an additional 1,193 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in ASGN by 3.6% during the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock worth $9,005,000 after buying an additional 3,787 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC bought a new position in shares of ASGN in the first quarter valued at $512,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

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.