ASGN Incorporated (NYSE:ASGN) President Sells $588,000.00 in Stock

ASGN Incorporated (NYSE:ASGN) President Randolph C. Blazer sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $588,000.00. Following the sale, the president now directly owns 101,923 shares in the company, valued at approximately $9,988,454. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ASGN Stock Performance

Shares of ASGN stock opened at $99.64 on Thursday. The firm’s fifty day simple moving average is $99.78 and its 200-day simple moving average is $94.37. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 7.40 and a beta of 1.51. ASGN Incorporated has a 12 month low of $63.27 and a 12 month high of $106.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.51 and a quick ratio of 2.51.

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

Wall Street Analyst Weigh In

ASGN has been the topic of a number of research analyst reports. BMO Capital Markets cut their price objective on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. 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. Finally, 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 report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $96.67.

Hedge Funds Weigh In On ASGN

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in ASGN by 38.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock valued at $50,000 after buying an additional 171 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new position in ASGN in the 1st quarter valued at $512,000. Argent Capital Management LLC increased its stake in ASGN by 8.9% in the 4th quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock valued at $569,000 after buying an additional 484 shares during the period. Kennedy Capital Management LLC increased its stake in ASGN by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after buying an additional 3,787 shares during the period. Finally, Reinhart Partners LLC. increased its stake in ASGN by 10.7% in the 4th quarter. Reinhart Partners LLC. now owns 543,369 shares of the business services provider’s stock valued at $52,256,000 after buying an additional 52,516 shares during the period. 95.36% of the stock is owned by institutional investors and hedge funds.

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.