ASGN (NYSE:ASGN) Stock Crosses Below Fifty Day Moving Average of $97.68

ASGN Incorporated (NYSE:ASGNGet Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $97.68 and traded as low as $94.01. ASGN shares last traded at $94.05, with a volume of 205,005 shares traded.

Wall Street Analyst Weigh In

ASGN has been the subject of a number of research analyst reports. Robert W. Baird upped their price target on ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. BMO Capital Markets decreased their target price on ASGN from $95.00 to $94.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, ASGN currently has an average rating of “Hold” and an average price target of $96.67.

Check Out Our Latest Stock Analysis on ASGN

ASGN Stock Performance

The company has a market capitalization of $4.30 billion, a PE ratio of 21.70, a PEG ratio of 7.75 and a beta of 1.45. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $97.46 and a two-hundred day moving average price of $96.16.

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

Insider Transactions at ASGN

In other ASGN news, Director Carol Lindstrom sold 1,000 shares of ASGN stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $97.04, for a total value of $97,040.00. Following the transaction, the director now directly owns 5,639 shares of the company’s stock, valued at $547,208.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other ASGN news, Director Carol Lindstrom sold 1,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $97.04, for a total value of $97,040.00. Following the completion of the sale, the director now owns 5,639 shares in the company, valued at approximately $547,208.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Randolph C. Blazer sold 6,000 shares of the 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 transaction, the president now directly owns 101,923 shares of the company’s stock, valued at approximately $9,988,454. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,000 shares of company stock valued at $783,650. 3.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ASGN

Institutional investors and hedge funds have recently bought and sold shares of the stock. Reinhart Partners LLC. raised its holdings in shares of ASGN by 10.7% during the fourth quarter. Reinhart Partners LLC. now owns 543,369 shares of the business services provider’s stock worth $52,256,000 after purchasing an additional 52,516 shares during the period. Kennedy Capital Management LLC increased its stake in ASGN by 3.6% during 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. LRI Investments LLC acquired a new position in ASGN during the 1st quarter valued at about $154,000. Meadow Creek Wealth Advisors LLC acquired a new position in ASGN during the 1st quarter valued at about $512,000. Finally, Argent Capital Management LLC increased its stake in ASGN by 10.7% during the 1st quarter. Argent Capital Management LLC now owns 6,549 shares of the business services provider’s stock valued at $686,000 after buying an additional 632 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

About ASGN

(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.

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