ASGN (NYSE:ASGN) Price Target Increased to $104.00 by Analysts at Robert W. Baird

ASGN (NYSE:ASGN) had its price objective upped by Robert W. Baird from $99.00 to $104.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Several other research firms have also weighed in on ASGN. Canaccord Genuity Group restated a buy rating and set a $110.00 price target on shares of ASGN in a research report on Wednesday, January 3rd. Bank Of America (Bofa) restated an underweight rating and set a $70.00 target price on shares of ASGN in a report on Monday, January 8th. 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 research note on Tuesday, January 2nd. Jefferies Financial Group boosted their price objective on shares of ASGN to $88.00 and gave the stock a hold rating in a research note on Wednesday, January 10th. Finally, BMO Capital Markets upped their price objective on shares of ASGN to $110.00 and gave the stock a hold rating in a report on Wednesday, January 10th. Three 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. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $95.20.

ASGN Price Performance

Shares of NYSE ASGN opened at $98.74 on Thursday. The stock’s 50-day simple moving average is $99.59 and its two-hundred day simple moving average is $93.36. ASGN has a twelve month low of $63.27 and a twelve month high of $106.42. The firm has a market capitalization of $4.59 billion, a P/E ratio of 22.86, a P/E/G ratio of 4.10 and a beta of 1.50. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.55.

ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.16 EPS for the quarter, hitting analysts’ consensus estimates of $1.16. ASGN had a net margin of 4.76% and a return on equity of 14.81%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that ASGN will post 5.79 EPS for the current fiscal year.

Insider Activity at ASGN

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ASGN. EverSource Wealth Advisors LLC raised its holdings in ASGN by 38.5% during the third quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 171 shares during the period. Meadow Creek Wealth Advisors LLC bought a new stake in shares of ASGN during the first quarter valued at approximately $512,000. Argent Capital Management LLC lifted its holdings in shares of 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 buying an additional 887 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of ASGN by 8.1% during 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. Finally, Kennedy Capital Management LLC grew its stake in ASGN by 3.6% during the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after acquiring an additional 3,787 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

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.