ASGN (NYSE:ASGN) Shares Gap Down - Here's Why

Key Points

• ASGN's stock price gapped down significantly from $48.33 to $44.85, and last traded at $43.63 with a trading volume of 134,234 shares.
• Multiple analysts have downgraded ASGN's stock rating, with Wells Fargo lowering the target price from $56.00 to $51.00, and Jefferies Financial Group setting a new target of $42.00.
• Institutional investors hold 95.36% of ASGN's stock, with notable increases in positions by firms such as GAMMA Investing LLC and Entropy Technologies LP during the first quarter.

ASGN Incorporated (NYSE:ASGN - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $48.33, but opened at $44.85. ASGN shares last traded at $43.63, with a volume of 134,234 shares changing hands.

Analyst Upgrades and Downgrades

ASGN has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of ASGN from $56.00 to $51.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. UBS Group set a $45.00 price objective on shares of ASGN in a research report on Thursday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of ASGN in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of ASGN from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and set a $42.00 price objective (down previously from $53.00) on shares of ASGN in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $59.67.

ASGN Trading Down 10.0%

The firm's 50-day moving average is $50.14 and its 200-day moving average is $52.05. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 13.76 and a beta of 0.93.

ASGN (NYSE:ASGN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09. ASGN had a net margin of 3.50% and a return on equity of 11.90%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm posted $1.43 EPS. ASGN's revenue was down 1.9% compared to the same quarter last year. ASGN has set its Q4 2025 guidance at 1.120-1.200 EPS. As a group, sell-side analysts anticipate that ASGN Incorporated will post 5.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of ASGN by 662.8% during the first quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider's stock valued at $66,000 after purchasing an additional 908 shares in the last quarter. SG Americas Securities LLC bought a new stake in ASGN in the 1st quarter worth about $396,000. Entropy Technologies LP grew its position in ASGN by 105.5% in the 1st quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider's stock worth $465,000 after purchasing an additional 3,788 shares in the last quarter. Russell Investments Group Ltd. grew its position in ASGN by 3.1% in the 1st quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider's stock worth $1,013,000 after purchasing an additional 485 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its position in ASGN by 1.7% in the 2nd quarter. Kennedy Capital Management LLC now owns 35,243 shares of the business services provider's stock worth $1,760,000 after purchasing an additional 594 shares in the last quarter. 95.36% of the stock is owned by 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.

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