Key Points
- CAO Rose Cunningham purchased 1,125 shares on April 28 at an average $22.27 (total $25,053.75), raising her stake to 15,587 shares (a 7.78% increase) valued at about $347,122.
- There was a coordinated wave of insider buying around April 24–28 — notably CEO Theodore S. Hanson bought ~51,965 shares (~$1.0M) and several executives/directors also made open‑market purchases, signaling management confidence.
- ASGN missed quarterly expectations (EPS $0.69 vs. $0.97 consensus) with flat revenue, prompting multiple analyst downgrades and price‑target cuts and leaving a consensus rating of "Reduce."
ASGN Incorporated (NYSE:EFOR - Get Free Report) CAO Rose Cunningham acquired 1,125 shares of the stock in a transaction dated Tuesday, April 28th. The shares were bought at an average cost of $22.27 per share, with a total value of $25,053.75. Following the completion of the transaction, the chief accounting officer owned 15,587 shares of the company's stock, valued at approximately $347,122.49. This represents a 7.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
ASGN Price Performance
Shares of ASGN stock opened at $22.07 on Wednesday. ASGN Incorporated has a one year low of $18.50 and a one year high of $60.75. The stock has a market cap of $911.49 million, a PE ratio of 4.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 2.16.
ASGN (NYSE:EFOR - Get Free Report) last announced its quarterly earnings data on Saturday, April 25th. The company reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.28). ASGN had a return on equity of 10.30% and a net margin of 2.46%.During the same period last year, the company earned $0.92 EPS. The firm's revenue was up .0% on a year-over-year basis. As a group, equities research analysts forecast that ASGN Incorporated will post 3.39 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Wall Street Zen downgraded ASGN from a "buy" rating to a "hold" rating in a report on Sunday, March 22nd. Truist Financial downgraded ASGN from a "buy" rating to a "hold" rating and lowered their price target for the company from $60.00 to $33.00 in a report on Thursday, April 23rd. Zacks Research downgraded ASGN from a "hold" rating to a "strong sell" rating in a report on Friday, April 24th. UBS Group lowered their price target on ASGN from $39.00 to $35.00 and set a "sell" rating for the company in a report on Thursday, April 23rd. Finally, Robert W. Baird lowered their price target on ASGN from $62.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 23rd. Four analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $35.67.
View Our Latest Analysis on EFOR
Institutional Investors Weigh In On ASGN
Several large investors have recently modified their holdings of EFOR. SG Americas Securities LLC boosted its holdings in shares of ASGN by 1,376.9% in the third quarter. SG Americas Securities LLC now owns 73,224 shares of the company's stock valued at $3,467,000 after acquiring an additional 68,266 shares during the period. Reinhart Partners LLC. boosted its holdings in shares of ASGN by 5.2% in the third quarter. Reinhart Partners LLC. now owns 1,072,427 shares of the company's stock valued at $50,780,000 after acquiring an additional 53,021 shares during the period. TradeLink Capital LLC acquired a new stake in shares of ASGN in the third quarter valued at approximately $259,000. SummerHaven Investment Management LLC acquired a new stake in shares of ASGN in the third quarter valued at approximately $797,000. Finally, LRI Investments LLC boosted its holdings in shares of ASGN by 761.9% in the third quarter. LRI Investments LLC now owns 1,741 shares of the company's stock valued at $82,000 after acquiring an additional 1,539 shares during the period. 95.36% of the stock is owned by institutional investors and hedge funds.
Key ASGN News
Here are the key news stories impacting ASGN this week:
- Positive Sentiment: CEO Theodore S. Hanson bought 51,965 shares (~$1.0M at ~$19.24) on April 24 — a large, high‑profile manager purchase that signals strong insider confidence and likely helped lift the stock. CEO Purchase Filing
- Positive Sentiment: Numerous other executives and directors (EVP Marie Perry, Directors Arshad Matin, Brian Callaghan, Maria Hawthorne, Mark Frantz, Jonathan Holman, etc.) made open‑market buys across April 24–28, reinforcing a coordinated management vote of confidence. Representative filings: Insider Filings
- Positive Sentiment: Company/leadership disclosed that a majority of directors and executives purchased shares in the open market (press release), a coordinated transparency event investors typically view positively. Leadership Purchases Release
- Neutral Sentiment: Several small institutional managers slightly increased positions recently (described in filings/weekly summary); these moves are modest compared with insider activity. Institutional Summary
- Negative Sentiment: ASGN’s April 25 quarter missed expectations: EPS $0.69 vs. ~$0.97 consensus and essentially flat revenue year‑over‑year — a clear near‑term headwind that could limit sustained upside without better future results. Earnings Summary
- Negative Sentiment: Multiple sell/hold research actions and price‑target cuts were published after the quarter (UBS, Truist, Wells Fargo, BMO, Robert W. Baird among others), lowering analyst support and potentially capping gains. Analyst Coverage Update
About ASGN
(
Get Free Report)
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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