Insider Buying: ASGN (NYSE:EFOR) CEO Buys 51,965 Shares of Stock

ASGN Incorporated (NYSE:EFOR) CEO Theodore Hanson purchased 51,965 shares of ASGN stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of $19.24 per share, for a total transaction of $999,806.60. Following the transaction, the chief executive officer directly owned 376,843 shares of the company’s stock, valued at approximately $7,250,459.32. The trade was a 16.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ASGN Stock Up 11.2%

Shares of EFOR stock traded up $2.12 during trading hours on Monday, hitting $21.09. 935,200 shares of the company were exchanged, compared to its average volume of 899,390. ASGN Incorporated has a one year low of $18.50 and a one year high of $60.75.

ASGN (NYSE:EFOR) last announced its quarterly earnings data on Saturday, April 25th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.28). During the same period in the previous year, the company posted $0.92 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year.

Analyst Upgrades and Downgrades

EFOR has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday. Robert W. Baird cut their target price on shares of ASGN from $62.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday. UBS Group cut their target price on shares of ASGN from $39.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of ASGN in a research note on Monday, April 20th. Finally, BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a research note on Thursday. Five investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, ASGN currently has a consensus rating of “Reduce” and a consensus price target of $35.67.

Institutional Trading of ASGN

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in ASGN by 68.9% in the 1st quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock valued at $2,647,000 after acquiring an additional 27,903 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of ASGN by 106.4% in the 4th quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock worth $3,032,000 after acquiring an additional 32,437 shares during the last quarter. New South Capital Management Inc. increased its stake in shares of ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock worth $30,588,000 after acquiring an additional 178,895 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after buying an additional 912 shares during the last quarter. Finally, Reinhart Partners LLC. increased its holdings in shares of ASGN by 12.5% during the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock worth $58,139,000 after buying an additional 134,513 shares during the last quarter.

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.