ASGN (NYSE:ASGN) Shares Down 3.9% – What’s Next?

ASGN Incorporated (NYSE:ASGN)’s stock price dropped 3.9% during trading on Friday . The stock traded as low as $44.94 and last traded at $43.50. Approximately 300,691 shares traded hands during trading, a decline of 46% from the average daily volume of 556,359 shares. The stock had previously closed at $45.28.

Analysts Set New Price Targets

A number of research firms recently weighed in on ASGN. Zacks Research upgraded ASGN from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. UBS Group dropped their price target on ASGN from $47.00 to $45.00 and set a “sell” rating for the company in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of ASGN in a research report on Wednesday, October 8th. Wall Street Zen cut shares of ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Wells Fargo & Company cut their target price on shares of ASGN from $51.00 to $41.00 and set an “equal weight” rating for the company in a research report on Friday, November 21st. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $46.60.

ASGN Stock Down 3.9%

The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 14.65 and a beta of 0.96. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average price of $45.80 and a 200-day moving average price of $49.85.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, October 22nd. The business services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.22 by $0.09. ASGN had a return on equity of 11.42% and a net margin of 3.28%.The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. ASGN has set its Q4 2025 guidance at 1.120-1.200 EPS. As a group, sell-side analysts forecast that ASGN Incorporated will post 5.15 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Reinhart Partners LLC. boosted its position in shares of ASGN by 53.1% in the second quarter. Reinhart Partners LLC. now owns 1,019,406 shares of the business services provider’s stock worth $50,900,000 after acquiring an additional 353,419 shares during the last quarter. New South Capital Management Inc. raised its stake in ASGN by 46.0% during the third quarter. New South Capital Management Inc. now owns 456,116 shares of the business services provider’s stock worth $21,597,000 after purchasing an additional 143,696 shares during the period. Congress Asset Management Co. acquired a new position in shares of ASGN in the 3rd quarter valued at $4,065,000. SG Americas Securities LLC boosted its holdings in shares of ASGN by 1,376.9% in 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 last quarter. Finally, SummerHaven Investment Management LLC purchased a new stake in shares of ASGN during the 3rd quarter valued at $797,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

About ASGN

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.