ASGN (NYSE:ASGN) Shares Down 7.6% – Should You Sell?

Shares of ASGN Incorporated (NYSE:ASGN) traded down 7.6% on Monday . The stock traded as low as $39.47 and last traded at $39.63. 76,058 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 631,988 shares. The stock had previously closed at $42.89.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ASGN in a research note on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating and set a $65.00 target price on shares of ASGN in a research report on Friday, February 6th. Truist Financial upped their price target on shares of ASGN from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Robert W. Baird set a $62.00 price objective on shares of ASGN in a report on Thursday, February 5th. Finally, Wells Fargo & Company boosted their price objective on shares of ASGN from $49.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, ASGN has a consensus rating of “Reduce” and a consensus price target of $54.71.

ASGN Stock Performance

The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.63 billion, a PE ratio of 15.11 and a beta of 0.88. The business’s 50-day moving average price is $47.26 and its 200-day moving average price is $47.53.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, February 4th. The business services provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.03). The firm had revenue of $980.10 million for the quarter, compared to analysts’ expectations of $979.05 million. ASGN had a net margin of 2.85% and a return on equity of 10.94%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 EPS. ASGN has set its Q1 2026 guidance at 0.930-1.020 EPS. As a group, equities research analysts expect that ASGN Incorporated will post 5.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASGN. Reinhart Partners LLC. boosted its holdings in ASGN by 12.5% in the fourth quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the business services provider’s stock worth $58,139,000 after acquiring an additional 134,513 shares in the last quarter. New South Capital Management Inc. boosted its stake in ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the business services provider’s stock worth $30,588,000 after purchasing an additional 178,895 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in ASGN in the 3rd quarter worth approximately $8,030,000. Congress Asset Management Co. grew its position in ASGN by 3.6% during the 4th quarter. Congress Asset Management Co. now owns 88,901 shares of the business services provider’s stock worth $4,282,000 after purchasing an additional 3,048 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in ASGN by 1,376.9% during the 3rd quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock valued at $3,467,000 after purchasing an additional 68,266 shares in the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

About ASGN

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.