ASGN (NYSE:ASGN) Given New $104.00 Price Target at Robert W. Baird

ASGN (NYSE:ASGN) had its price target hoisted by Robert W. Baird from $99.00 to $104.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target would indicate a potential upside of 1.85% from the stock’s current price.

A number of other brokerages also recently issued reports on ASGN. Truist Financial increased their price target on shares of ASGN from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $110.00 price objective on shares of ASGN in a report on Wednesday, January 3rd. Jefferies Financial Group increased their price objective on shares of ASGN to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Bank Of America (Bofa) reaffirmed an “underweight” rating and set a $70.00 price objective on shares of ASGN in a report on Monday, January 8th. Finally, BMO Capital Markets increased their price objective on shares of ASGN to $110.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $95.20.

ASGN Stock Up 1.3 %

ASGN stock opened at $102.11 on Thursday. The firm’s fifty day simple moving average is $99.56 and its 200-day simple moving average is $93.32. The company has a market capitalization of $4.75 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 4.05 and a beta of 1.50. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.47 and a quick ratio of 2.47. ASGN has a 12 month low of $63.27 and a 12 month high of $106.42.

ASGN (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.08. ASGN had a net margin of 4.93% and a return on equity of 15.52%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted $1.51 earnings per share. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that ASGN will post 5.79 earnings per share for the current year.

Insider Buying and Selling

In related news, President Randolph C. Blazer sold 7,746 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the completion of the sale, the president now directly owns 107,923 shares in the company, valued at $10,178,218.13. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other ASGN news, SVP Jennifer Hankes Painter sold 1,100 shares of ASGN stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $93.62, for a total transaction of $102,982.00. Following the completion of the sale, the senior vice president now directly owns 52,716 shares in the company, valued at $4,935,271.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Randolph C. Blazer sold 7,746 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the completion of the transaction, the president now directly owns 107,923 shares of the company’s stock, valued at approximately $10,178,218.13. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ASGN. SG Americas Securities LLC lifted its stake in ASGN by 8.1% in the third quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock worth $1,298,000 after acquiring an additional 1,193 shares during the last quarter. Argent Capital Management LLC lifted its stake in ASGN by 19.5% in the third quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider’s stock worth $444,000 after acquiring an additional 887 shares during the last quarter. Reinhart Partners LLC. lifted its stake in ASGN by 6.0% in the third quarter. Reinhart Partners LLC. now owns 490,853 shares of the business services provider’s stock worth $40,093,000 after acquiring an additional 27,871 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in ASGN by 38.5% in the third 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. Finally, Kennedy Capital Management LLC lifted its stake in ASGN by 3.6% in the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock worth $9,005,000 after acquiring an additional 3,787 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN Company Profile

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.