Insider Selling: ASGN Incorporated (NYSE:ASGN) Director Sells 1,000 Shares of Stock

ASGN Incorporated (NYSE:ASGN) Director Marty R. Kittrell sold 1,000 shares of ASGN stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $98.61, for a total value of $98,610.00. Following the sale, the director now directly owns 4,316 shares in the company, valued at $425,600.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ASGN Price Performance

Shares of NYSE ASGN traded down $2.24 during mid-day trading on Tuesday, hitting $96.44. 983,148 shares of the stock were exchanged, compared to its average volume of 259,887. ASGN Incorporated has a twelve month low of $63.27 and a twelve month high of $106.42. The stock’s fifty day simple moving average is $99.64 and its two-hundred day simple moving average is $93.72. 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 market cap of $4.48 billion, a P/E ratio of 22.32, a PEG ratio of 7.08 and a beta of 1.50.

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

Institutional Investors Weigh In On ASGN

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in shares of ASGN by 38.5% during the third quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock worth $50,000 after purchasing an additional 171 shares in the last quarter. Argent Capital Management LLC raised its position in ASGN by 19.5% in the 3rd quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider’s stock worth $444,000 after purchasing an additional 887 shares during the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in ASGN during the 1st quarter worth $512,000. SG Americas Securities LLC boosted its position in 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 buying an additional 1,193 shares during the last quarter. Finally, Kennedy Capital Management LLC raised 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 acquiring an additional 3,787 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ASGN. Bank Of America (Bofa) reissued an “underweight” rating and set a $70.00 price objective on shares of ASGN in a report on Monday, January 8th. Robert W. Baird lifted their price target on shares of 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 increased their price objective on shares of ASGN to $88.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Canaccord Genuity Group reiterated a “buy” rating and set a $110.00 target price on shares of ASGN in a research report on Wednesday, January 3rd. Finally, BMO Capital Markets lowered their target price on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock 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.