ASGN Incorporated (NYSE:ASGN) SVP Jennifer Hankes Painter Sells 1,100 Shares of Stock

ASGN Incorporated (NYSE:ASGNGet Free Report) SVP Jennifer Hankes Painter sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $93.62, for a total value of $102,982.00. Following the completion of the sale, the senior vice president now directly owns 52,716 shares of the company’s stock, valued at approximately $4,935,271.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ASGN Price Performance

Shares of ASGN stock opened at $97.25 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.55. The company has a market cap of $4.59 billion, a PE ratio of 21.61, a P/E/G ratio of 3.78 and a beta of 1.50. The business has a 50 day moving average of $93.31 and a 200 day moving average of $86.20. ASGN Incorporated has a 52 week low of $63.27 and a 52 week high of $98.26.

ASGN (NYSE:ASGNGet Free Report) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. ASGN had a return on equity of 15.52% and a net margin of 4.93%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 earnings per share. As a group, equities research analysts forecast that ASGN Incorporated will post 5.82 earnings per share for the current year.

Hedge Funds Weigh In On ASGN

A number of institutional investors have recently added to or reduced their stakes in ASGN. Captrust Financial Advisors raised its holdings in ASGN by 16.0% in the second quarter. Captrust Financial Advisors now owns 1,974 shares of the business services provider’s stock worth $178,000 after purchasing an additional 273 shares in the last quarter. Argent Capital Management LLC grew its stake in shares of ASGN by 18.4% in the second quarter. Argent Capital Management LLC now owns 4,546 shares of the business services provider’s stock worth $344,000 after acquiring an additional 707 shares during the last quarter. Reinhart Partners LLC. grew its stake in shares of ASGN by 100.0% in the second quarter. Reinhart Partners LLC. now owns 462,982 shares of the business services provider’s stock worth $35,015,000 after acquiring an additional 231,479 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of ASGN by 156.6% in the second quarter. EverSource Wealth Advisors LLC now owns 444 shares of the business services provider’s stock worth $34,000 after acquiring an additional 271 shares during the last quarter. Finally, Cim Investment Management Inc. purchased a new stake in shares of ASGN in the second quarter worth $206,000. Institutional investors own 94.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. TheStreet raised ASGN from a “c+” rating to a “b-” rating in a research note on Monday, November 20th. Wells Fargo & Company upped their target price on ASGN to $112.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. UBS Group dropped their price objective on ASGN to $72.00 and set a “sell” rating for the company in a research note on Friday, December 8th. William Blair began coverage on ASGN in a research note on Friday, December 1st. They set a “buy” rating for the company. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $110.00 price objective on shares of ASGN in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $93.50.

Check Out Our Latest Research Report on ASGN

ASGN Company Profile

(Get Free Report)

ASGN Incorporated provides information technology services and professional 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.

Further Reading

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