ASGN Incorporated (NYSE:ASGN) Director Arshad Matin Sells 2,000 Shares

ASGN Incorporated (NYSE:ASGN) Director Arshad Matin sold 2,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $92.51, for a total transaction of $185,020.00. Following the transaction, the director now directly owns 11,645 shares of the company’s stock, valued at $1,077,278.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

ASGN Stock Up 3.4 %

Shares of NYSE ASGN traded up $3.02 during mid-day trading on Friday, hitting $92.76. 176,438 shares of the stock traded hands, compared to its average volume of 296,561. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.34 and a current ratio of 2.34. ASGN Incorporated has a 52 week low of $76.70 and a 52 week high of $106.42. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 14.49 and a beta of 1.40. The stock has a fifty day moving average price of $93.10 and a 200-day moving average price of $95.44.

ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.03. ASGN had a return on equity of 14.30% and a net margin of 4.56%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The firm’s revenue was down 8.5% on a year-over-year basis. Research analysts anticipate that ASGN Incorporated will post 5.17 EPS for the current year.

Institutional Investors Weigh In On ASGN

Hedge funds have recently added to or reduced their stakes in the stock. LRI Investments LLC bought a new stake in ASGN in the first quarter worth $154,000. Meadow Creek Wealth Advisors LLC bought a new stake in ASGN in the first quarter worth $512,000. Argent Capital Management LLC boosted its holdings in ASGN by 8.9% in the fourth quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock worth $569,000 after acquiring an additional 484 shares in the last quarter. SG Americas Securities LLC boosted its holdings in ASGN by 1,851.6% in the second quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock worth $1,753,000 after acquiring an additional 18,868 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its holdings in ASGN by 0.9% in the first quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider’s stock worth $57,440,000 after acquiring an additional 4,931 shares in the last quarter. 95.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Jefferies Financial Group lowered their price objective on shares of ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of ASGN in a research note on Thursday, July 25th. Two research 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 MarketBeat, the stock has an average rating of “Hold” and an average target price of $97.22.

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.