ASGN (NYSE:ASGN) Shares Down 7.6% – Should You Sell?

ASGN Incorporated (NYSE:ASGN)’s stock price traded down 7.6% during mid-day trading on Monday . The stock traded as low as $39.47 and last traded at $39.63. 76,058 shares traded hands during trading, a decline of 88% from the average session volume of 631,988 shares. The stock had previously closed at $42.89.

Analyst Upgrades and Downgrades

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

ASGN Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a 50-day moving average of $47.26 and a 200-day moving average of $47.53. The stock has a market cap of $1.63 billion, a PE ratio of 15.11 and a beta of 0.88.

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

Institutional Investors Weigh In On ASGN

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in shares of ASGN by 106.4% in the fourth quarter. Russell Investments Group Ltd. now owns 62,934 shares of the business services provider’s stock valued at $3,032,000 after purchasing an additional 32,437 shares during the period. New South Capital Management Inc. raised its position in ASGN by 39.2% during the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the business services provider’s stock valued at $30,588,000 after purchasing an additional 178,895 shares in the last quarter. Parallel Advisors LLC raised its position in 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 in the last quarter. Reinhart Partners LLC. lifted its holdings in shares of ASGN by 12.5% in the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the business services provider’s stock worth $58,139,000 after buying an additional 134,513 shares during the period. Finally, Rothschild Investment LLC grew its position in shares of ASGN by 119.0% during the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock worth $49,000 after buying an additional 551 shares in the last quarter. 95.36% of the stock is owned by institutional investors.

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.