Insider Selling: ASGN Incorporated (NYSE:ASGN) Director Sells 1,060 Shares of Stock

ASGN Incorporated (NYSE:ASGN) Director Carol Lindstrom sold 1,060 shares of the firm’s 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 in the company, valued at $425,938.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

ASGN Price Performance

NYSE:ASGN traded down $1.12 during mid-day trading on Friday, reaching $92.75. 246,996 shares of the stock were exchanged, compared to its average volume of 293,437. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average price of $93.74 and a 200 day moving average price of $93.96. ASGN Incorporated has a 1-year low of $77.37 and a 1-year high of $106.42. The firm has a market capitalization of $4.26 billion, a PE ratio of 21.65 and a beta of 1.40.

ASGN (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The business’s revenue was down 7.7% compared to the same quarter last year. Research analysts expect that ASGN Incorporated will post 5.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ASGN. LRI Investments LLC acquired a new stake in ASGN during the 1st quarter worth about $154,000. Meadow Creek Wealth Advisors LLC purchased a new position in shares of ASGN in the first quarter worth approximately $512,000. Argent Capital Management LLC raised its holdings in shares of ASGN by 43.8% during the second quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock valued at $830,000 after acquiring an additional 2,868 shares during the period. Handelsbanken Fonder AB lifted its position in shares of ASGN by 28.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock valued at $1,102,000 after acquiring an additional 2,600 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of ASGN by 1,851.6% in the 2nd 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 in the last quarter. Institutional investors own 95.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.