ASGN (NYSE:ASGN) Shares Gap Down – Time to Sell?

ASGN Incorporated (NYSE:ASGN) gapped down prior to trading 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 trading hands.

Analysts Set New Price Targets

ASGN has been the subject of a number of recent research reports. Wall Street Zen lowered ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Truist Financial cut their target price on ASGN from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. UBS Group cut their target price on ASGN from $47.00 to $45.00 and set a “sell” rating for the company in a research note on Thursday. Jefferies Financial Group reiterated an “underperform” rating and set a $42.00 price objective (down from $53.00) on shares of ASGN in a research note on Monday, July 7th. Finally, Wells Fargo & Company dropped their price objective on ASGN from $56.00 to $51.00 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $59.67.

ASGN Stock Up 4.6%

The firm has a fifty day moving average price of $49.91 and a 200 day moving average price of $51.88. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.64. The company has a market cap of $2.04 billion, a P/E ratio of 15.67 and a beta of 0.93.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, October 22nd. The business services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.22 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. ASGN had a return on equity of 11.42% and a net margin of 3.28%.The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. ASGN has set its Q4 2025 guidance at 1.120-1.200 EPS. Equities research analysts forecast that ASGN Incorporated will post 5.15 earnings per share for the current year.

Institutional Trading of ASGN

Several large investors have recently made changes to their positions in ASGN. GAMMA Investing LLC grew its holdings 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 worth $66,000 after purchasing an additional 908 shares during the last quarter. Entropy Technologies LP boosted its holdings in ASGN by 105.5% in the first quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider’s stock valued at $465,000 after acquiring an additional 3,788 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in ASGN by 3.1% in the first quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider’s stock valued at $1,013,000 after acquiring an additional 485 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in ASGN by 53.1% in the second quarter. Reinhart Partners LLC. now owns 1,019,406 shares of the business services provider’s stock valued at $50,900,000 after acquiring an additional 353,419 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in ASGN by 1.7% in the second quarter. Kennedy Capital Management LLC now owns 35,243 shares of the business services provider’s stock valued at $1,760,000 after acquiring an additional 594 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

About ASGN

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.