ASGN Incorporated (NYSE:ASGN) Director Sells $98,610.00 in Stock

ASGN Incorporated (NYSE:ASGN) Director Marty R. Kittrell sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $98.61, for a total transaction of $98,610.00. Following the completion of the transaction, the director now directly owns 4,316 shares in the company, valued at $425,600.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ASGN Trading Down 2.3 %

Shares of ASGN stock traded down $2.24 during mid-day trading on Tuesday, reaching $96.44. 983,148 shares of the stock traded hands, compared to its average volume of 259,887. The stock’s fifty day simple moving average is $99.64 and its two-hundred day simple moving average is $93.72. ASGN Incorporated has a 1-year low of $63.27 and a 1-year high of $106.42. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.56. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 7.08 and a beta of 1.50.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, April 24th. The business services provider reported $1.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.16. ASGN had a net margin of 4.76% and a return on equity of 14.90%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm posted $1.38 EPS. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, research analysts anticipate that ASGN Incorporated will post 5.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ASGN has been the topic of several analyst reports. Robert W. Baird increased their price target on shares of ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Truist Financial raised their target price on ASGN from $93.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. BMO Capital Markets lowered their price target on ASGN from $95.00 to $94.00 and set a “market perform” rating for the company in a report on Friday. Bank Of America (Bofa) reaffirmed an “underweight” rating and issued a $70.00 price objective on shares of ASGN in a research note on Monday, January 8th. Finally, Jefferies Financial Group boosted their target price on ASGN to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, ASGN presently has a consensus rating of “Hold” and an average target price of $96.67.

Institutional Trading of ASGN

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 171 shares during the period. Argent Capital Management LLC raised its position in shares of ASGN by 19.5% during the third quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider’s stock worth $444,000 after acquiring an additional 887 shares during the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in shares of ASGN in the first quarter worth approximately $512,000. SG Americas Securities LLC lifted its stake in shares of ASGN by 8.1% in the third quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock worth $1,298,000 after acquiring an additional 1,193 shares during the period. Finally, Kennedy Capital Management LLC boosted its holdings in ASGN by 3.6% in the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after acquiring an additional 3,787 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

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.