ASGN Incorporated (NYSE:ASGN) President Randolph C. Blazer Sells 6,000 Shares

ASGN Incorporated (NYSE:ASGN) President Randolph C. Blazer sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $98.00, for a total value of $588,000.00. Following the completion of the sale, the president now directly owns 101,923 shares in the company, valued at $9,988,454. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

ASGN Stock Up 2.1 %

NYSE ASGN opened at $98.17 on Tuesday. The stock has a market cap of $4.51 billion, a PE ratio of 22.72, a P/E/G ratio of 7.40 and a beta of 1.51. The business has a 50 day moving average price of $99.74 and a two-hundred day moving average price of $94.19. ASGN Incorporated has a fifty-two week low of $63.27 and a fifty-two week high of $106.42. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.56.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. ASGN had a net margin of 4.76% and a return on equity of 14.90%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $1.38 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that ASGN Incorporated will post 5.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ASGN shares. BMO Capital Markets lowered their price objective on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Robert W. Baird upped their price target on ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Jefferies Financial Group lifted their price objective on ASGN to $88.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Finally, Bank Of America (Bofa) reiterated an “underweight” rating and set a $70.00 target price on shares of ASGN in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $96.67.

Institutional Trading of ASGN

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of ASGN by 38.5% in the third quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock worth $50,000 after acquiring an additional 171 shares in the last quarter. Meadow Creek Wealth Advisors LLC purchased a new stake in ASGN during the 1st quarter worth approximately $512,000. Argent Capital Management LLC boosted its stake in shares of ASGN by 8.9% during the 4th quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock valued at $569,000 after buying an additional 484 shares during the last quarter. Kennedy Capital Management LLC grew its position in shares of ASGN by 3.6% during the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock worth $9,005,000 after buying an additional 3,787 shares in the last quarter. Finally, Reinhart Partners LLC. increased its stake in shares of ASGN by 10.7% in the fourth quarter. Reinhart Partners LLC. now owns 543,369 shares of the business services provider’s stock worth $52,256,000 after buying an additional 52,516 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

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.