ASGN Incorporated (NYSE:ASGN) Given Average Rating of "Hold" by Analysts

ASGN Incorporated (NYSE:ASGN - Get Free Report) has earned an average rating of "Hold" from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $97.44.

A number of analysts recently commented on ASGN shares. BMO Capital Markets boosted their price objective on shares of ASGN from $94.00 to $96.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Jefferies Financial Group decreased their price target on ASGN from $95.00 to $88.00 and set a "hold" rating on the stock in a research note on Monday, September 9th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $115.00 target price on shares of ASGN in a report on Thursday, October 24th.

Insiders Place Their Bets

In other news, President Randolph C. Blazer sold 10,000 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $95.03, for a total transaction of $950,300.00. Following the completion of the transaction, the president now owns 85,923 shares in the company, valued at approximately $8,165,262.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other ASGN news, President Randolph C. Blazer sold 10,000 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $95.03, for a total value of $950,300.00. Following the completion of the transaction, the president now directly owns 85,923 shares in the company, valued at $8,165,262.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Carol Lindstrom sold 1,060 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $93.02, for a total transaction of $98,601.20. Following the completion of the transaction, the director now directly owns 4,579 shares of the company's stock, valued at $425,938.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,563 shares of company stock worth $1,279,418. 3.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ASGN. Reinhart Partners LLC. boosted its holdings in shares of ASGN by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider's stock worth $54,912,000 after buying an additional 39,607 shares during the period. SG Americas Securities LLC boosted its holdings in ASGN by 1,851.6% during the second quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider's stock valued at $1,753,000 after acquiring an additional 18,868 shares during the period. Handelsbanken Fonder AB grew its position in shares of 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. Argent Capital Management LLC increased its stake in shares of ASGN by 12.1% in the third quarter. Argent Capital Management LLC now owns 10,559 shares of the business services provider's stock worth $984,000 after purchasing an additional 1,142 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in shares of ASGN by 17.3% in the third quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider's stock worth $505,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 95.36% of the company's stock.

ASGN Stock Performance

NYSE:ASGN traded up $1.29 during mid-day trading on Monday, reaching $99.67. The stock had a trading volume of 96,555 shares, compared to its average volume of 292,823. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25. The business has a 50 day simple moving average of $93.85 and a 200 day simple moving average of $93.71. ASGN has a twelve month low of $84.62 and a twelve month high of $106.42. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 24.91 and a beta of 1.40.

ASGN (NYSE:ASGN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.08. ASGN had a return on equity of 13.65% and a net margin of 4.37%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $1.68 earnings per share. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, analysts expect that ASGN will post 5.17 earnings per share for the current fiscal 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.