ASGN Inc (ASGN) CFO Sells $2,269,250.00 in Stock
ASGN Inc (NYSE:ASGN) CFO Edward L. Pierce sold 25,000 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $90.77, for a total value of $2,269,250.00. Following the transaction, the chief financial officer now directly owns 56,584 shares of the company’s stock, valued at $5,136,129.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:ASGN traded down $0.39 during trading on Friday, hitting $90.88. The company had a trading volume of 257,834 shares, compared to its average volume of 300,163. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.20 and a beta of 1.91. ASGN Inc has a one year low of $44.66 and a one year high of $94.25. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.28 and a quick ratio of 2.28.
ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, July 25th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.06. The business had revenue of $878.50 million during the quarter, compared to analyst estimates of $865.03 million. ASGN had a return on equity of 19.07% and a net margin of 5.67%. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. analysts expect that ASGN Inc will post 4.14 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on ASGN shares. Robert W. Baird reaffirmed a “neutral” rating on shares of ASGN in a research note on Thursday, July 26th. Zacks Investment Research lowered ASGN from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Credit Suisse Group started coverage on ASGN in a research note on Friday, August 10th. They issued a “neutral” rating and a $92.00 price objective for the company. BMO Capital Markets lowered their price objective on ASGN from $101.00 to $94.00 and set an “outperform” rating for the company in a research note on Thursday, April 26th. Finally, ValuEngine lowered ASGN from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.00.
ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.
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