Marty R. Kittrell sells 1,000 shares of ASGN Incorporated (NYSE:ASGN)

ASGN Incorporated (NYSE:ASGN – Get Free Report) Director Marty R. Kittrell sold 1,000 shares of ASGN stock in a transaction on Friday, April 26. The stock sold at an average price of $98.61, for a total transaction of $98,610.00. Following the sale, the director now directly owns 4,316 shares of the company’s stock, valued at $425,600.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ASGN trading drops 0.9%

NYSE ASGN opened at $95.56 on Thursday. 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 $4.44 billion, a price-to-earnings ratio of 22.12, a price-to-earnings ratio of 7.60, and a beta of 1.50. ASGN Incorporated has a one-year low of $63.27 and a one-year high of $106.42. The company’s fifty-day moving average is $99.68 and its two-hundred-day moving average is $93.84.

ASGN (NYSE:ASGN – Get Free Report) last published its quarterly earnings data on Wednesday, April 24. The business services provider reported $1.16 earnings per share for the quarter, matching analyst consensus estimates of $1.16. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. ASGN had a net margin of 4.76% and a return on equity of 14.90%. ASGN’s quarterly revenue fell by 7.1% year-on-year. During the same period last year, the company posted earnings per share of $1.38. Analysts expect ASGN Incorporated to post 5.28 earnings per share for the current year.

Institutional inflow and outflow

A number of institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of ASGN by 38.5% during the 3rd 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 during the period. Argent Capital Management LLC grew its holdings in shares of ASGN by 8.9% in the fourth quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock worth $569,000 after acquiring an additional 484 shares during the period. SG Americas Securities LLC grew its holdings 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 worth $1,298,000 after acquiring an additional 1,193 shares during the period. Kennedy Capital Management LLC increased its holdings 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 period. Finally, Meadow Creek Wealth Advisors LLC acquired a new position in shares of ASGN during the first quarter valued at approximately $512,000. 95.36% of the shares are currently held by institutional investors and hedge funds.

Analysts set new price targets

Several equity research analysts have recently released reports on ASGN stock. Jefferies Financial Group raised their price objective on shares of ASGN to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10. Robert W. Baird raised their price objective on shares of ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25. BMO Capital Markets lowered their price target on shares of ASGN from $95.00 to $94.00 and set a market perform rating for the stock in a research note on Friday, April 26. Canaccord Genuity Group reiterated a “buy” rating and set a $110.00 price target on shares of ASGN in a research note on Wednesday, January 3. Finally, Bank Of America (Bofa) reiterated an “underweight” rating and set a $70.00 price target on shares of ASGN in a research note on Monday, January 8th. Two 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’s stock. According to MarketBeat, the stock currently has an average rating of ‘Hold’ and a consensus price target of $96.67.

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About ASGN

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ASGN Incorporated provides information technology (IT) services and solutions in the technological, 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 offers consulting, creative digital marketing and permanent placement services, primarily to corporate clients.

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