ASGN Incorporated (NYSE:ASGN) Director Jonathan S. Holman Sells 503 Shares of Stock

ASGN Incorporated (NYSE:ASGN) Director Jonathan S. Holman sold 503 shares of ASGN stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total value of $45,496.35. Following the completion of the transaction, the director now owns 10,821 shares in the company, valued at $978,759.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

ASGN Trading Down 2.3 %

Shares of ASGN stock opened at $89.17 on Thursday. The company has a 50-day moving average of $93.02 and a two-hundred day moving average of $95.52. The stock has a market cap of $4.09 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 14.59 and a beta of 1.40. 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 $76.70 and a 12-month high of $106.42.

ASGN (NYSE:ASGN) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. ASGN had a return on equity of 14.30% and a net margin of 4.56%. ASGN’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 earnings per share. On average, research analysts anticipate that ASGN Incorporated will post 5.17 EPS for the current fiscal year.

Institutional Investors Weigh In On ASGN

A number of large investors have recently added to or reduced their stakes in ASGN. Argent Capital Management LLC lifted its holdings in shares of ASGN by 43.8% in the second 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 in the last quarter. SG Americas Securities LLC raised its position 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 worth $1,753,000 after purchasing an additional 18,868 shares during the last quarter. LRI Investments LLC purchased a new stake in ASGN in the 1st quarter valued at approximately $154,000. Meadow Creek Wealth Advisors LLC acquired a new stake in ASGN during the 1st quarter valued at $512,000. Finally, Reinhart Partners LLC. increased its position in ASGN by 0.9% during the first quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider’s stock worth $57,440,000 after buying an additional 4,931 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ASGN shares. Jefferies Financial Group lowered their price objective on shares of ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of ASGN in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $97.22.

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.