ASGN (NYSE:EFOR – Get Free Report) was upgraded by investment analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research report issued on Friday. The brokerage currently has a $22.00 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 5.77% from the company’s previous close.
EFOR has been the subject of a number of other reports. Zacks Research lowered shares of ASGN from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Wells Fargo & Company lowered their price target on shares of ASGN from $54.00 to $33.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. BMO Capital Markets lowered ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research note on Thursday, April 23rd. Weiss Ratings lowered ASGN from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird lowered their price objective on ASGN from $62.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $29.33.
Get Our Latest Analysis on ASGN
ASGN Trading Up 3.7%
ASGN (NYSE:EFOR – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.28). The firm had revenue of $968.30 million for the quarter. ASGN had a net margin of 2.46% and a return on equity of 10.30%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. On average, research analysts expect that ASGN will post 3.39 earnings per share for the current fiscal year.
Insider Activity at ASGN
In other ASGN news, EVP Marie Perry purchased 5,350 shares of ASGN stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of $18.70 per share, for a total transaction of $100,045.00. Following the transaction, the executive vice president owned 58,328 shares in the company, valued at $1,090,733.60. This represents a 10.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arshad Matin purchased 10,000 shares of ASGN stock in a transaction dated Friday, April 24th. The stock was acquired at an average price of $19.35 per share, for a total transaction of $193,500.00. Following the completion of the transaction, the director owned 27,069 shares in the company, valued at approximately $523,785.15. The trade was a 58.59% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 91,375 shares of company stock worth $1,770,367 over the last quarter. 3.40% of the stock is owned by corporate insiders.
Institutional Trading of ASGN
Several hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its holdings in shares of ASGN by 68.9% in the 1st quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock worth $2,647,000 after purchasing an additional 27,903 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of ASGN by 106.4% in the 4th quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock worth $3,032,000 after purchasing an additional 32,437 shares during the last quarter. New South Capital Management Inc. lifted its holdings in shares of ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock worth $30,588,000 after purchasing an additional 178,895 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of ASGN by 190.8% in the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after purchasing an additional 912 shares during the last quarter. Finally, 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 company’s stock worth $58,139,000 after purchasing an additional 134,513 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.
About ASGN
ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.
Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.
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