StockNews.com’s equity research division began covering ASGN for the first time in a research report distributed to clients and investors on Thursday.
The report was sent out by the equity research division (NYSE: ASGN).
The brokerage firm has assigned a “hold” rating to the company’s shares.
This company is in the business of providing business services.
The most recent quarterly earnings report for ASGN (NYSE: ASGN) was released on February 8 after the market had closed for the day.
The provider of business services reported earnings per share for the quarter of $1.51, which was $0.01 higher than the analysts’ average forecast of $1.50, which was provided for the quarter.
The return on equity for ASGN came in at 17.92 percent, and the net margin for the company was 5.85 percent.
The actual amount earned for the period was 1.15 billion dollars, higher than the consensus estimate of 1.14 billion dollars in revenue.
In the same period as the previous year, the business posted profits per share of $1.55. Compared to the same period the previous year, the total revenue for the quarter saw a 9.2% increase.
During the current fiscal year, it is anticipated that ASGN will generate earnings of $6.32 per share, according to the projections compiled by the analysts’ consensus.
On Thursday, the NYSE ASGN opened for trading at $80.74, the current price.
The company’s shares currently have a market capitalization of $3.98 billion, and their PE ratio, PEG ratio, and beta value, respectively, come in at 1.25, 15.44, and 1.65.
The market capitalization of the company as a whole is currently worth $3.98 billion.
The moving averages for the previous fifty days at the company are $88.43, and the moving averages for the previous two hundred days are $88.91. Over the last 52 weeks, the price of one share of ASGN has ranged from as low as $78.25 to as high as $143.50.
The debt-to-equity ratio is 0.56, the quick ratio is 2.22, the current ratio is 2.22, and the quick ratio is 2.22.
Various stock analysts from different companies have written publications about the company. William Blair kept their recommendation of “outperforming” on shares of ASGN in their research report published on November 25. Robert W.
Baird lowered their price target on ASGN from $108.00 to $103.00 and gave the stock a ” neutral ” rating in a research report published on Thursday, February 9.
The report was distributed to the investing public.
The research team also suggested “buying” the stock in their conclusion.
The stock has been recommended to sell by one of the equity research analysts, a recommendation to hold it by three, and a rating to buy by two of the equity research analysts.
The information from Bloomberg indicates that the consensus for ASGN is to “Hold” the stock, and the price target has been established at $99.80.
In related news, on February 17, Senior Vice President of Operations Jennifer Hankes Painter sold 3,000 shares of company stock.
This transaction took place on Friday.
The price of one share of stock was determined to be $92.00, which resulted in a total sale price of $276,000.00 for the company’s shares.
After the deal’s completion, the senior vice president now has a total of 37,794 company shares, which are estimated to be worth approximately $3,477,048.
The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC.
Individuals employed by the corporation hold three percent of the total company stock.
A sizeable number of shareholders have been active buyers and sellers of company stock throughout the most recent period.
Paragon Wealth Strategies LLC purchased a new investment in ASGN during the third quarter for a sum that was approximately equivalent to $27,000 in total.
During the second quarter of this year, Eagle Bay Advisors LLC increased the percentage of ASGN stock owned by 55.0 percent.
After purchasing an additional 327 shares during the quarter, Eagle Bay Advisors LLC now has 922 shares of the company’s stock, currently valued at $83,000.
During the quarter, the company acquired these shares.
During the second quarter, the holdings managed by Captrust Financial Advisors saw an increase of 7.8 percentage points in ASGN.
After making an additional purchase of 132 shares during the period in question, Captrust Financial Advisors now owns 1,833 shares of the company’s stock, which have a market value of $165,000.
Earlier, a total of $15,000 was assigned value to these shares.
In the last three months of 2018, FDx Advisors INC increased the percentage of ASGN in its portfolio by 5.4%.
During the most recent reporting period, FDx Advisors INC increased its stake in the business services provider by 211, bringing its total number of shares owned to 4,116 with a market value of $335,000.
And finally, during the final three months of 2018, SG Americas Securities LLC increased its holdings in ASGN by 41.4% by purchasing additional shares. SG Americas Securities LLC now has 13,263 shares of the business services provider’s stock, valued at $1,081,000, after purchasing an additional 3,886 shares during the preceding quarter.
These shares were purchased for a total of $1,081,000.
The company’s shares are held collectively by hedge funds and other types of institutional investors to the extent of 95.20 percent.