Analysts Set ASGN Incorporated (NYSE:ASGN) Price Target at $96.38

ASGN Incorporated (NYSE:ASGN) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $99.86.

Several analysts have issued reports on the company. BMO Capital Markets upgraded ASGN from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $96.00 to $100.00 in a research note on Friday, November 22nd. Jefferies Financial Group dropped their price target on ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Monday, September 9th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $115.00 price objective on shares of ASGN in a report on Thursday, October 24th.

ASGN Stock Down 0.6 %

Shares of NYSE:ASGN opened at $89.61 on Friday. The firm has a market cap of $3.96 billion, a PE ratio of 22.69 and a beta of 1.38. The company has a fifty day simple moving average of $92.89 and a 200 day simple moving average of $92.45. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.58. ASGN has a 12-month low of $83.71 and a 12-month high of $106.42.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.08. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. ASGN had a net margin of 4.37% and a return on equity of 13.65%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 EPS. On average, equities research analysts anticipate that ASGN will post 5.17 EPS for the current fiscal year.

Insider Activity at ASGN

In other ASGN news, President Randolph C. Blazer sold 10,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $95.03, for a total value of $950,300.00. Following the sale, the president now directly owns 85,923 shares in the company, valued at approximately $8,165,262.69. This trade represents a 10.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Theodore S. Hanson sold 1,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $99.64, for a total transaction of $119,568.00. Following 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 disclosure for this sale can be found here. Insiders sold 14,260 shares of company stock worth $1,353,489 in the last 90 days. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ASGN

Several large investors have recently made changes to their positions in ASGN. Cim Investment Management Inc. acquired a new position in shares of ASGN during the third quarter worth approximately $205,000. Crossmark Global Holdings Inc. raised its stake in ASGN by 17.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock valued at $505,000 after acquiring an additional 800 shares in the last quarter. Argent Capital Management LLC raised its stake in ASGN by 43.8% during the 2nd quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock valued at $830,000 after acquiring an additional 2,868 shares in the last quarter. Handelsbanken Fonder AB boosted its position in ASGN by 28.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock worth $1,102,000 after acquiring an additional 2,600 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of 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 purchasing an additional 18,868 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

About ASGN

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.