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

ASGN Incorporated (NYSE:ASGN) President Randolph C. Blazer sold 6,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $9,988,454. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

ASGN Trading Up 0.7 %

ASGN stock opened at $98.81 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.51 and a current ratio of 2.51. ASGN Incorporated has a fifty-two week low of $63.27 and a fifty-two week high of $106.42. The stock has a market cap of $4.54 billion, a P/E ratio of 22.87, a PEG ratio of 7.40 and a beta of 1.51. The firm’s fifty day moving average price is $99.75 and its 200-day moving average price is $94.34.

ASGN (NYSE:ASGN) last released its quarterly 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 return on equity of 14.90% and a net margin of 4.76%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm posted $1.38 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. Equities research analysts forecast that ASGN Incorporated will post 5.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ASGN. Robert W. Baird boosted their price objective on ASGN from $99.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. BMO Capital Markets lowered their price target on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Finally, Jefferies Financial Group raised their price objective on shares of ASGN to $88.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $96.67.

Hedge Funds Weigh In On ASGN

A number of institutional investors have recently made changes to their positions in ASGN. EverSource Wealth Advisors LLC lifted 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 last quarter. Meadow Creek Wealth Advisors LLC purchased a new stake in ASGN during the first quarter valued at about $512,000. Argent Capital Management LLC lifted its stake in ASGN by 8.9% during the fourth quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock worth $569,000 after purchasing an additional 484 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of ASGN by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock worth $9,005,000 after purchasing an additional 3,787 shares in the last quarter. Finally, Reinhart Partners LLC. increased its position in shares of ASGN by 10.7% during the 4th quarter. Reinhart Partners LLC. now owns 543,369 shares of the business services provider’s stock valued at $52,256,000 after purchasing an additional 52,516 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

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.