Key Points
- ASGN CEO Theodore Hanson purchased 51,965 shares at an average price of $19.24 on April 24 (~$999,806), increasing his stake by 16% to 376,843 shares, and several other directors and senior executives also made open‑market buys—signaling strong management confidence.
- ASGN missed quarterly expectations with EPS of $0.69 versus $0.97 consensus and essentially flat revenue, and multiple analysts cut ratings and price targets; MarketBeat shows a consensus rating of "Reduce" with a $35.67 consensus price target, even as the stock traded up about 11% amid the insider buying news.
ASGN Incorporated (NYSE:EFOR - Get Free Report) President Sadasivam Iyer bought 1,725 shares of ASGN stock in a transaction dated Friday, April 24th. The stock was purchased at an average cost of $19.30 per share, for a total transaction of $33,292.50. Following the completion of the acquisition, the president directly owned 60,795 shares of the company's stock, valued at approximately $1,173,343.50. The trade was a 2.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
ASGN Trading Up 11.1%
Shares of EFOR stock opened at $21.07 on Tuesday. ASGN Incorporated has a 12-month low of $18.50 and a 12-month high of $60.75.
ASGN (NYSE:EFOR - Get Free Report) last issued its earnings results on Saturday, April 25th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.28). During the same period in the previous year, the company earned $0.92 earnings per share. ASGN's revenue for the quarter was up .0% compared to the same quarter last year.
Analysts Set New Price Targets
EFOR has been the topic of several research reports. UBS Group reduced their target price on ASGN from $39.00 to $35.00 and set a "sell" rating on the stock in a report on Thursday. Truist Financial cut ASGN from a "buy" rating to a "hold" rating and reduced their target price for the stock from $60.00 to $33.00 in a report on Thursday, April 23rd. Wells Fargo & Company reduced their target price on ASGN from $54.00 to $33.00 and set an "equal weight" rating on the stock in a report on Thursday, April 23rd. BMO Capital Markets cut ASGN from an "outperform" rating to a "market perform" rating and set a $33.00 target price on the stock. in a report on Thursday, April 23rd. Finally, Robert W. Baird dropped their price target on ASGN from $62.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, ASGN currently has an average rating of "Reduce" and a consensus target price of $35.67.
Get Our Latest Report on ASGN
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the company's stock worth $26,000 after acquiring an additional 250 shares in the last quarter. GAMMA Investing LLC grew its position in ASGN by 97.8% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the company's stock worth $26,000 after acquiring an additional 268 shares in the last quarter. Torren Management LLC purchased a new position in ASGN in the fourth quarter worth about $34,000. Rothschild Investment LLC grew its position in ASGN by 119.0% in the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the company's stock worth $49,000 after acquiring an additional 551 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in ASGN by 190.8% in the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company's stock worth $67,000 after acquiring an additional 912 shares in the last quarter.
ASGN News Roundup
Here are the key news stories impacting ASGN this week:
- Positive Sentiment: CEO Theodore S. Hanson purchased 51,965 shares (~$999.8k) at an average price of $19.24 on April 24, a ~16% increase to his holdings — a large, high‑profile buy that signals management confidence and likely helped lift the stock. CEO Purchase Filing
- Positive Sentiment: Multiple directors and officers made open‑market purchases (examples: EVP Marie Perry 5,350 shares at $18.70; Director Arshad Matin 10,000 at $19.35; Maria Hawthorne 5,136 at $19.49; Mark Frantz 3,800 at $18.92; Director Brian J. Callaghan 5,121 at $20.27). The breadth and scale of these insider purchases (board + senior execs) reinforces a collective vote of confidence in the company’s prospects. Representative SEC filing: Insider Filings
- Positive Sentiment: Company announcement / press release noted that leadership and a majority of directors purchased shares in the open market, a coordinated signal likely interpreted positively by investors. Leadership Purchases Release
- Negative Sentiment: Recent quarterly results (reported Apr 25) missed expectations: EPS $0.69 vs. consensus ~$0.97 and essentially flat revenue year‑over‑year. That earnings miss is a substantive near‑term headwind and could cap upside unless guidance or results improve. Earnings Summary
ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients' technical and operational needs.
Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.
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