ASGN Incorporated (NYSE:ASGN - Get Free Report) Director Carol Lindstrom sold 1,000 shares of ASGN stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $97.04, for a total transaction of $97,040.00. Following the completion of the transaction, the director now directly owns 5,639 shares in the company, valued at $547,208.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
ASGN Price Performance
ASGN stock opened at $96.44 on Wednesday. ASGN Incorporated has a 52 week low of $63.27 and a 52 week 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 firm's 50-day simple moving average is $99.67 and its 200 day simple moving average is $93.82. The firm has a market capitalization of $4.48 billion, a PE ratio of 22.32, a P/E/G ratio of 7.08 and a beta of 1.50.
ASGN (NYSE:ASGN - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.16 EPS for the quarter, hitting the consensus estimate of $1.16. ASGN had a net margin of 4.76% and a return on equity of 14.90%. The business 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 earned $1.38 EPS. The business's revenue for the quarter was down 7.1% compared to the same quarter last year. On average, equities research analysts predict that ASGN Incorporated will post 5.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
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Several institutional investors have recently added to or reduced their stakes in ASGN. Reinhart Partners LLC. raised its stake in ASGN by 10.7% in the 4th quarter. Reinhart Partners LLC. now owns 543,369 shares of the business services provider's stock valued at $52,256,000 after purchasing an additional 52,516 shares during the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in ASGN in the 1st quarter valued at about $512,000. Kennedy Capital Management LLC raised its stake in ASGN by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider's stock valued at $9,005,000 after purchasing an additional 3,787 shares during the last quarter. SG Americas Securities LLC raised its stake in ASGN by 8.1% in the 3rd quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider's stock valued at $1,298,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Argent Capital Management LLC raised its stake in ASGN by 19.5% in the 3rd quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider's stock valued at $444,000 after purchasing an additional 887 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on ASGN shares. BMO Capital Markets cut their target price on shares of ASGN from $95.00 to $94.00 and set a "market perform" rating on the stock in a report on Friday, April 26th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $110.00 target price on shares of ASGN in a report on Wednesday, January 3rd. Robert W. Baird lifted their target price on shares of ASGN from $99.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday, April 25th. Bank Of America (Bofa) reiterated an "underweight" rating and issued a $70.00 price objective on shares of ASGN in a research report on Monday, January 8th. Finally, Jefferies Financial Group lifted their price objective on shares of ASGN to $88.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $96.67.
View Our Latest Report on ASGN
About ASGN
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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.
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