ASGN Incorporated (NYSE:ASGN - Get Free Report) Director Carol Lindstrom sold 1,060 shares of the business's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $93.02, for a total value of $98,601.20. Following the completion of the sale, the director now directly owns 4,579 shares of the company's stock, valued at approximately $425,938.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
ASGN Trading Down 1.2 %
Shares of ASGN stock opened at $92.75 on Friday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.57. ASGN Incorporated has a 12-month low of $77.37 and a 12-month high of $106.42. The stock has a market capitalization of $4.26 billion, a P/E ratio of 21.47 and a beta of 1.40. The firm's 50 day moving average is $93.77 and its 200 day moving average is $93.92.
ASGN (NYSE:ASGN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.08. ASGN had a net margin of 4.56% and a return on equity of 14.30%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The firm's revenue was down 7.7% compared to the same quarter last year. Research analysts expect that ASGN Incorporated will post 5.14 earnings per share for the current year.
Institutional Inflows and Outflows
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Institutional investors have recently made changes to their positions in the stock. Reinhart Partners LLC. raised its stake in 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 acquiring an additional 39,607 shares during the period. Argent Capital Management LLC raised its position in shares of ASGN by 43.8% during the 2nd quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider's stock valued at $830,000 after purchasing an additional 2,868 shares during the period. SG Americas Securities LLC lifted its stake in shares of ASGN by 1,851.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider's stock valued at $1,753,000 after buying an additional 18,868 shares in the last quarter. LRI Investments LLC purchased a new stake in ASGN in the 1st quarter worth $154,000. Finally, Handelsbanken Fonder AB raised its position in shares of ASGN by 28.2% during the third quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider's stock valued at $1,102,000 after buying an additional 2,600 shares during the last quarter. Institutional investors own 95.36% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on ASGN shares. BMO Capital Markets raised their target price on shares of ASGN from $94.00 to $96.00 and gave the stock a "market perform" rating in a report on Friday. Canaccord Genuity Group reiterated a "buy" rating and issued a $115.00 price objective on shares of ASGN in a report on Thursday. Finally, Jefferies Financial Group dropped their target price on shares of ASGN from $95.00 to $88.00 and set a "hold" rating on the stock in a report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, ASGN currently has an average rating of "Hold" and an average target price of $97.44.
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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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