ASGN Incorporated (NYSE:ASGN) Given Consensus Rating of “Hold” by Brokerages

ASGN Incorporated (NYSE:ASGN) has been assigned a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $97.22.

Several equities research analysts have recently issued reports 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 on the stock in a research note on Monday, September 9th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 target price on shares of ASGN in a research report on Thursday, July 25th.

ASGN Trading Down 0.8 %

NYSE:ASGN opened at $93.36 on Friday. The stock’s 50 day moving average price is $92.72 and its 200 day moving average price is $94.91. ASGN has a 52 week low of $76.70 and a 52 week high of $106.42. The company has a market capitalization of $4.29 billion, a P/E ratio of 21.61 and a beta of 1.40. 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 (NYSE:ASGN) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. ASGN had a return on equity of 14.30% and a net margin of 4.56%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. The firm’s revenue was down 8.5% on a year-over-year basis. On average, research analysts forecast that ASGN will post 5.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other ASGN news, Director Jonathan S. Holman sold 503 shares of ASGN stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total transaction of $45,496.35. Following the sale, the director now owns 10,821 shares in the company, valued at $978,759.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jonathan S. Holman sold 503 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total value of $45,496.35. Following the sale, the director now owns 10,821 shares in the company, valued at approximately $978,759.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arshad Matin sold 2,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $92.51, for a total transaction of $185,020.00. Following the completion of the sale, the director now owns 11,645 shares in the company, valued at approximately $1,077,278.95. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LRI Investments LLC acquired a new position in ASGN during the 1st quarter worth about $154,000. Meadow Creek Wealth Advisors LLC bought a new stake in ASGN during the 1st quarter worth about $512,000. Argent Capital Management LLC raised its holdings in ASGN by 8.9% during the 4th quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock worth $569,000 after purchasing an additional 484 shares during the last quarter. SG Americas Securities LLC raised its holdings in ASGN by 1,851.6% during the 2nd 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 during the last quarter. Finally, Reinhart Partners LLC. raised its holdings in ASGN by 0.9% during the 1st quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider’s stock worth $57,440,000 after purchasing an additional 4,931 shares during the last quarter. Institutional investors and hedge funds 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.