ASGN (NYSE:EFOR – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.
Several other equities research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Truist Financial lowered ASGN from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $60.00 to $33.00 in a report on Thursday, April 23rd. Wells Fargo & Company lowered their price objective on ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a research report on Thursday, April 23rd. Finally, Robert W. Baird cut their target price on ASGN from $62.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $29.33.
Check Out Our Latest Stock Report on ASGN
ASGN Trading Up 1.9%
ASGN (NYSE:EFOR – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.28). ASGN had a return on equity of 10.30% and a net margin of 2.46%.The company had revenue of $968.30 million during the quarter. During the same quarter last year, the company earned $0.92 EPS. ASGN’s revenue was up .0% on a year-over-year basis. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. As a group, sell-side analysts expect that ASGN will post 3.39 EPS for the current fiscal year.
Insider Transactions at ASGN
In other news, Director Maria R. Hawthorne acquired 5,136 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were purchased at an average cost of $19.49 per share, with a total value of $100,100.64. Following the completion of the purchase, the director owned 15,388 shares of the company’s stock, valued at $299,912.12. This represents a 50.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore S. Hanson acquired 51,965 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were purchased at an average cost of $19.24 per share, with a total value of $999,806.60. Following the acquisition, the chief executive officer owned 376,843 shares of the company’s stock, valued at approximately $7,250,459.32. This represents a 16.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 91,375 shares of company stock valued at $1,770,367. 14.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On ASGN
A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in ASGN by 85.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 543 shares of the company’s stock worth $26,000 after buying an additional 250 shares in the last quarter. GAMMA Investing LLC increased its position in ASGN by 97.8% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock valued at $26,000 after acquiring an additional 268 shares in the last quarter. Rothschild Investment LLC increased its position in ASGN by 119.0% in the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock valued at $49,000 after acquiring an additional 551 shares in the last quarter. Torren Management LLC bought a new position in shares of ASGN in the fourth quarter worth about $34,000. Finally, Parallel Advisors LLC raised its stake in shares of ASGN by 190.8% in the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after acquiring an additional 912 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.
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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