ASGN Incorporated (NYSE:ASGN - Get Free Report) President Randolph C. Blazer sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $588,000.00. Following the transaction, the president now directly owns 101,923 shares in the company, valued at approximately $9,988,454. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
ASGN Price Performance
Shares of NYSE:ASGN opened at $98.17 on Tuesday. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 7.40 and a beta of 1.51. The business has a 50 day moving average price of $99.74 and a 200 day moving average price of $94.19. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.56. ASGN Incorporated has a twelve month low of $63.27 and a twelve month high of $106.42.
ASGN (NYSE:ASGN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. ASGN had a return on equity of 14.90% and a net margin of 4.76%. ASGN's revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 earnings per share. Research analysts predict that ASGN Incorporated will post 5.28 earnings per share for the current year.
Wall Street Analysts Forecast Growth
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A number of research firms have recently weighed in on ASGN. Jefferies Financial Group raised their price target on shares of ASGN to $88.00 and gave the company a "hold" rating in a report on Wednesday, January 10th. Robert W. Baird raised their target price on ASGN from $99.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday, April 25th. BMO Capital Markets decreased their price target on ASGN from $95.00 to $94.00 and set a "market perform" rating for the company in a research note on Friday, April 26th. Finally, Bank Of America (Bofa) reissued an "underweight" rating and issued a $70.00 price objective on shares of ASGN in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $96.67.
Read Our Latest Stock Analysis on ASGN
Institutional Trading of ASGN
Several hedge funds and other institutional investors have recently bought and sold shares of ASGN. EverSource Wealth Advisors LLC raised its position in shares of ASGN by 38.5% during the third quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider's stock valued at $50,000 after buying an additional 171 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in ASGN during the first quarter valued at about $512,000. Argent Capital Management LLC raised its holdings in ASGN by 8.9% in the 4th quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider's stock valued at $569,000 after acquiring an additional 484 shares in the last quarter. Kennedy Capital Management LLC lifted its position in shares of ASGN by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider's stock worth $9,005,000 after acquiring an additional 3,787 shares during the period. Finally, Reinhart Partners LLC. grew its holdings in shares of ASGN by 10.7% during the 4th quarter. Reinhart Partners LLC. now owns 543,369 shares of the business services provider's stock worth $52,256,000 after purchasing an additional 52,516 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.
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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