Analysts Set ASGN Incorporated (NYSE:ASGN) Target Price at $97.44

Shares of ASGN Incorporated (NYSE:ASGN) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $97.44.

ASGN has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price objective 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. BMO Capital Markets upped their price objective on ASGN from $94.00 to $96.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $115.00 target price on shares of ASGN in a research report on Thursday, October 24th.

Insider Transactions at ASGN

In other news, Director Arshad Matin sold 2,000 shares of ASGN stock in a transaction on Friday, September 13th. The stock was sold at an average price of $92.51, for a total value of $185,020.00. Following the completion of the sale, the director now directly owns 11,645 shares of the company’s stock, valued at approximately $1,077,278.95. This trade represents a 14.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan S. Holman sold 503 shares of the company’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 transaction, the director now directly owns 10,821 shares in the company, valued at $978,759.45. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,763 shares of company stock worth $1,398,986. Insiders own 3.20% of the company’s stock.

Institutional Trading of ASGN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASGN. LRI Investments LLC bought a new position in ASGN in the first quarter valued at approximately $154,000. SG Americas Securities LLC boosted its position in shares of ASGN by 1,851.6% in 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. Argent Capital Management LLC grew its stake in shares of ASGN by 43.8% during the second quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock worth $830,000 after purchasing an additional 2,868 shares during the period. Handelsbanken Fonder AB increased its holdings in ASGN by 28.2% in the third quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock valued at $1,102,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its stake in ASGN by 7.2% in the third 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 during the period. 95.36% of the stock is currently owned by institutional investors and hedge funds.

ASGN Stock Down 4.2 %

Shares of ASGN opened at $87.90 on Monday. ASGN has a 52 week low of $84.62 and a 52 week high of $106.42. The firm has a market capitalization of $3.89 billion, a P/E ratio of 22.25 and a beta of 1.40. The company has a 50-day simple moving average of $94.06 and a 200-day simple moving average of $93.71. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25.

ASGN (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.65% and a net margin of 4.37%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.68 EPS. On average, equities research analysts expect that ASGN will post 5.17 earnings per share for the current year.

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.