Carol Lindstrom Sells 1,000 Shares of ASGN Incorporated (NYSE:ASGN) Stock

ASGN Incorporated (NYSE:ASGN) Director Carol Lindstrom sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $97.04, for a total transaction of $97,040.00. Following the completion of the sale, the director now owns 5,639 shares of the company’s stock, valued at approximately $547,208.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ASGN Trading Down 0.9 %

Shares of ASGN opened at $95.56 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.47 and a quick ratio of 2.47. The firm has a 50 day simple moving average of $99.68 and a 200-day simple moving average of $93.84. ASGN Incorporated has a 1-year low of $63.27 and a 1-year high of $106.42. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 7.60 and a beta of 1.50.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, April 24th. The business services provider reported $1.16 EPS for the quarter, hitting the consensus estimate of $1.16. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. ASGN had a net margin of 4.76% and a return on equity of 14.90%. ASGN’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 EPS. Equities analysts forecast that ASGN Incorporated will post 5.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ASGN. Jefferies Financial Group lifted their price target on shares of ASGN to $88.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets reduced their price target on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Canaccord Genuity Group reiterated a “buy” rating and set a $110.00 price target on shares of ASGN in a research report on Wednesday, January 3rd. Bank Of America (Bofa) reiterated an “underweight” rating and set a $70.00 price target on shares of ASGN in a research report on Monday, January 8th. Finally, Robert W. Baird lifted their price target on shares of ASGN from $99.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $96.67.

Hedge Funds Weigh In On ASGN

A number of hedge funds have recently made changes to their positions in the stock. Reinhart Partners LLC. boosted its holdings in shares of ASGN by 0.9% in the 1st quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider’s stock valued at $57,440,000 after purchasing an additional 4,931 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of ASGN by 3.6% in the 3rd 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 last quarter. SG Americas Securities LLC boosted its holdings in shares of ASGN by 8.1% in the 3rd 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 last quarter. Argent Capital Management LLC boosted its holdings in shares of ASGN by 10.7% in the 1st quarter. Argent Capital Management LLC now owns 6,549 shares of the business services provider’s stock valued at $686,000 after purchasing an additional 632 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC acquired a new position in shares of ASGN in the 1st quarter valued at $512,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

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.