ASGN (NYSE:ASGN) Stock Passes Below Fifty Day Moving Average – What’s Next?

ASGN Incorporated (NYSE:ASGN) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $48.67 and traded as low as $43.97. ASGN shares last traded at $45.3130, with a volume of 808,477 shares changing hands.

Analyst Ratings Changes

ASGN has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of ASGN in a research note on Wednesday, January 21st. Robert W. Baird set a $62.00 price target on ASGN in a research report on Thursday, February 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $65.00 target price on shares of ASGN in a research note on Friday, February 6th. Truist Financial increased their target price on shares of ASGN from $50.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Finally, Wells Fargo & Company boosted their price target on shares of ASGN from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, ASGN has an average rating of “Reduce” and an average target price of $54.71.

ASGN Stock Up 1.8%

The firm has a market capitalization of $1.93 billion, a P/E ratio of 17.36 and a beta of 0.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a 50 day moving average of $48.67 and a 200-day moving average of $48.19.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, February 4th. The business services provider reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.03). The business had revenue of $980.10 million during the quarter, compared to analysts’ expectations of $979.05 million. ASGN had a return on equity of 10.94% and a net margin of 2.85%.ASGN’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. ASGN has set its Q1 2026 guidance at 0.930-1.020 EPS. Research analysts predict that ASGN Incorporated will post 5.15 earnings per share for the current fiscal year.

Institutional Trading of ASGN

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in ASGN by 97.8% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the business services provider’s stock worth $26,000 after buying an additional 268 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of ASGN by 85.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 543 shares of the business services provider’s stock worth $26,000 after acquiring an additional 250 shares during the last quarter. Torren Management LLC bought a new stake in shares of ASGN in the 4th quarter worth approximately $34,000. Rothschild Investment LLC boosted its stake in shares of ASGN by 119.0% in the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 551 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 912 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN Company Profile

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.