Robert W. Baird Boosts ASGN (NYSE:ASGN) Price Target to $104.00

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

Several other analysts have also weighed in on ASGN. BMO Capital Markets lifted their target price on shares of ASGN to $110.00 and gave the company a hold rating in a research report on Wednesday, January 10th. Truist Financial lifted their target price on shares of ASGN from $93.00 to $110.00 and gave the company a buy rating in a research report on Tuesday, January 2nd. Canaccord Genuity Group reiterated a buy rating and set a $110.00 target price on shares of ASGN in a research report on Wednesday, January 3rd. Jefferies Financial Group lifted their target price on shares of ASGN to $88.00 and gave the company a hold rating in a research report on Wednesday, January 10th. Finally, Bank Of America (Bofa) reissued an underweight rating and set a $70.00 price target on shares of ASGN in a report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $95.20.

ASGN Stock Performance

NYSE ASGN traded down $3.37 during midday trading on Thursday, hitting $98.74. The company had a trading volume of 556,446 shares, compared to its average volume of 246,541. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.55. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 4.05 and a beta of 1.50. The firm has a fifty day simple moving average of $99.56 and a two-hundred day simple moving average of $93.32. ASGN has a fifty-two week low of $63.27 and a fifty-two week high of $106.42.

ASGN (NYSE:ASGN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.16. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. ASGN had a net margin of 4.93% and a return on equity of 15.52%. The business's quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS. Equities analysts forecast that ASGN will post 5.79 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On ASGN

Several institutional investors have recently added to or reduced their stakes in the stock. Meadow Creek Wealth Advisors LLC bought a new position in shares of ASGN during the first quarter worth about $512,000. Reinhart Partners LLC. grew its stake in shares of ASGN by 0.9% during the 1st quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider's stock worth $57,440,000 after acquiring an additional 4,931 shares in the last quarter. Argent Capital Management LLC raised its holdings in shares of ASGN by 8.9% in the fourth quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider's stock valued at $569,000 after purchasing an additional 484 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of ASGN by 3.6% in the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider's stock worth $9,005,000 after purchasing an additional 3,787 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted 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 worth $50,000 after purchasing an additional 171 shares during 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.