ASGN Incorporated (NYSE:ASGN) Director Marty R. Kittrell Sells 1,000 Shares of Stock

ASGN Incorporated (NYSE:ASGN) Director Marty R. Kittrell sold 1,000 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $98.61, for a total transaction of $98,610.00. Following the completion of the transaction, the director now directly owns 4,316 shares of the company’s stock, valued at approximately $425,600.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ASGN Stock Down 2.3 %

ASGN opened at $96.44 on Wednesday. ASGN Incorporated has a fifty-two week low of $63.27 and a fifty-two week high of $106.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.47 and a current ratio of 2.47. The company has a fifty day moving average of $99.67 and a two-hundred day moving average of $93.82. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 7.08 and a beta of 1.50.

ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.16. ASGN had a net margin of 4.76% and a return on equity of 14.90%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company earned $1.38 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, research analysts expect that ASGN Incorporated will post 5.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASGN. EverSource Wealth Advisors LLC increased its holdings in ASGN by 38.5% in 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 in the last quarter. Argent Capital Management LLC grew its position in shares of ASGN by 19.5% in the third quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 887 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of ASGN in the first quarter valued at about $512,000. SG Americas Securities LLC grew its position in shares of ASGN by 8.1% in the third quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock valued at $1,298,000 after purchasing an additional 1,193 shares during the period. Finally, Kennedy Capital Management LLC grew its position in shares of ASGN by 3.6% in the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after purchasing an additional 3,787 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ASGN. Robert W. Baird raised their price target on shares of ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Jefferies Financial Group raised their target price on shares of ASGN to $88.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Bank Of America (Bofa) reissued an “underweight” rating and set a $70.00 target price on shares of ASGN in a report on Monday, January 8th. Truist Financial raised their target price on shares of ASGN from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, BMO Capital Markets reduced their target price on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating for the company in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, ASGN presently has an average rating of “Hold” and an average target price of $96.67.

ASGN Company Profile

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.