ASGN Incorporated (NYSE:ASGN) Given Average Recommendation of “Hold” by Analysts

Shares of ASGN Incorporated (NYSE:ASGN) have earned a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $95.40.

A number of brokerages recently commented on ASGN. BMO Capital Markets raised ASGN from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $96.00 to $100.00 in a report on Friday, November 22nd. StockNews.com raised ASGN from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. Jefferies Financial Group reduced their target price on shares of ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a report on Monday, September 9th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 price target on shares of ASGN in a report on Thursday, October 24th.

Insider Buying and Selling

In other ASGN news, CEO Theodore S. Hanson sold 1,200 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $99.64, for a total transaction of $119,568.00. Following the completion of the transaction, the chief executive officer now owns 288,855 shares of the company’s stock, valued at $28,781,512.20. This represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Randolph C. Blazer sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $95.03, for a total value of $950,300.00. Following the transaction, the president now owns 85,923 shares of the company’s stock, valued at approximately $8,165,262.69. The trade was a 10.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,260 shares of company stock valued at $1,168,469. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of ASGN

Several hedge funds have recently modified their holdings of ASGN. Cim Investment Management Inc. purchased a new position in shares of ASGN in the third quarter valued at $205,000. Crossmark Global Holdings Inc. grew its stake in shares of ASGN by 17.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock worth $505,000 after buying an additional 800 shares in the last quarter. Argent Capital Management LLC grew its stake in shares of ASGN by 12.1% in the 3rd quarter. Argent Capital Management LLC now owns 10,559 shares of the business services provider’s stock worth $984,000 after buying an additional 1,142 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of ASGN by 28.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock worth $1,102,000 after buying an additional 2,600 shares during the last quarter. Finally, Reinhart Partners LLC. raised its position in shares of ASGN by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider’s stock valued at $54,912,000 after buying an additional 39,607 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

ASGN Trading Up 2.6 %

ASGN stock opened at $85.05 on Tuesday. ASGN has a 52-week low of $82.04 and a 52-week high of $106.42. The company has a market cap of $3.76 billion, a P/E ratio of 21.53 and a beta of 1.38. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $89.36 and a two-hundred day simple moving average of $91.53.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.08. ASGN had a net margin of 4.37% and a return on equity of 13.65%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $1.68 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. Analysts predict that ASGN will post 5.17 EPS for the current year.

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.