ASGN Incorporated (NYSE:ASGN) Director Carol Lindstrom Sells 1,060 Shares

by · The Markets Daily

ASGN Incorporated (NYSE:ASGN – Get Free Report) Director Carol Lindstrom sold 1,060 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $93.02, for a total value of $98,601.20. Following the completion of the sale, the director now owns 4,579 shares of the company’s stock, valued at approximately $425,938.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

ASGN Stock Down 1.2 %

Shares of NYSE:ASGN traded down $1.12 during midday trading on Friday, reaching $92.75. The company had a trading volume of 246,996 shares, compared to its average volume of 293,437. The stock has a market capitalization of $4.26 billion, a P/E ratio of 21.65 and a beta of 1.40. The stock’s fifty day moving average price is $93.74 and its 200-day moving average price is $93.96. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 2.34. ASGN Incorporated has a one year low of $77.37 and a one year high of $106.42.

ASGN (NYSE:ASGN – Get Free Report) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.08. ASGN had a net margin of 4.56% and a return on equity of 14.30%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The company’s revenue was down 7.7% on a year-over-year basis. Equities research analysts expect that ASGN Incorporated will post 5.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ASGN. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of ASGN in a research report on Thursday. BMO Capital Markets upped their price target on ASGN from $94.00 to $96.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Jefferies Financial Group dropped their price objective on shares of ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $97.44.

Read Our Latest Research Report on ASGN

Institutional Trading of ASGN

Institutional investors and hedge funds have recently bought and sold shares of the company. Argent Capital Management LLC lifted its position in shares of ASGN by 12.1% in the 3rd quarter. Argent Capital Management LLC now owns 10,559 shares of the business services provider’s stock worth $984,000 after buying an additional 1,142 shares during the last quarter. LRI Investments LLC acquired a new stake in ASGN during the first quarter worth about $154,000. Handelsbanken Fonder AB raised its stake in ASGN by 28.2% during the third quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock worth $1,102,000 after acquiring an additional 2,600 shares during the period. Meadow Creek Wealth Advisors LLC bought a new position in ASGN in the first quarter worth about $512,000. Finally, SG Americas Securities LLC boosted its stake in ASGN by 1,851.6% in the second quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock valued at $1,753,000 after acquiring an additional 18,868 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN Company Profile

(Get Free Report)

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.

Read More