ASGN (NYSE:ASGN) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

ASGN Incorporated (NYSE:ASGN)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $48.67 and traded as low as $43.97. ASGN shares last traded at $45.3130, with a volume of 808,477 shares changing hands.

Wall Street Analysts Forecast Growth

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

ASGN Stock Up 1.8%

The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 17.36 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 firm’s 50-day simple moving average is $48.67 and its two-hundred day simple moving average is $48.21.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, February 4th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 previous year, the company posted $1.28 earnings per share. ASGN’s revenue for the quarter was down .5% on a year-over-year basis. ASGN has set its Q1 2026 guidance at 0.930-1.020 EPS. On average, sell-side analysts expect that ASGN Incorporated will post 5.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ASGN. GAMMA Investing LLC increased its stake in shares of ASGN by 97.8% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the business services provider’s stock valued at $26,000 after buying an additional 268 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. Torren Management LLC bought a new position in ASGN in the fourth quarter valued at about $34,000. Rothschild Investment LLC increased its position in ASGN by 119.0% in the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock worth $49,000 after purchasing an additional 551 shares during the period. Finally, Parallel Advisors LLC raised its holdings in ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock worth $67,000 after purchasing an additional 912 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

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.