ASGN (NYSE:ASGN) Stock Price Down 12.2% – Should You Sell?

ASGN Incorporated (NYSE:ASGN)’s stock price traded down 12.2% during mid-day trading on Wednesday . The company traded as low as $43.50 and last traded at $43.3450. 434,906 shares changed hands during trading, a decline of 23% from the average session volume of 563,896 shares. The stock had previously closed at $49.34.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of ASGN in a research report on Wednesday, January 21st. BMO Capital Markets restated an “outperform” rating and issued a $65.00 price target on shares of ASGN in a research note on Friday, February 6th. Truist Financial boosted their price objective on ASGN from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Robert W. Baird set a $62.00 price objective on ASGN in a report on Thursday, February 5th. Finally, Wells Fargo & Company raised their target price on ASGN from $49.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $54.71.

ASGN Trading Down 13.9%

The company has a market cap of $1.81 billion, a PE ratio of 16.29 and a beta of 0.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.99 and a current ratio of 1.99. The company has a 50 day simple moving average of $49.21 and a two-hundred day simple moving average of $48.66.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, February 4th. The business services provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.03). ASGN had a return on equity of 10.94% and a net margin of 2.85%.The company had revenue of $980.10 million for the quarter, compared to analyst estimates of $979.05 million. During the same quarter in the prior year, the business posted $1.28 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. ASGN has set its Q1 2026 guidance at 0.930-1.020 EPS. Sell-side analysts forecast that ASGN Incorporated will post 5.15 EPS for the current year.

Hedge Funds Weigh In On ASGN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASGN. Congress Asset Management Co. acquired a new position in ASGN during the 3rd quarter worth $4,065,000. Reinhart Partners LLC. increased its stake in shares of ASGN by 5.2% in the third quarter. Reinhart Partners LLC. now owns 1,072,427 shares of the business services provider’s stock worth $50,780,000 after purchasing an additional 53,021 shares during the period. SG Americas Securities LLC boosted its stake in ASGN by 1,376.9% during the 3rd quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock valued at $3,467,000 after purchasing an additional 68,266 shares during the period. SummerHaven Investment Management LLC acquired a new stake in ASGN in the 3rd quarter valued at approximately $797,000. Finally, TradeLink Capital LLC bought a new position in ASGN in the 3rd quarter worth approximately $259,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN Company Profile

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.