ASGN (NYSE:ASGN) Stock Price Down 7.6% – Here’s Why

ASGN Incorporated (NYSE:ASGN)’s stock price was down 7.6% on Monday . The stock traded as low as $39.47 and last traded at $39.63. Approximately 76,058 shares were traded during trading, a decline of 88% from the average daily volume of 631,988 shares. The stock had previously closed at $42.89.

Analysts Set New Price Targets

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

ASGN Stock Down 1.9%

The business’s fifty day moving average price is $46.88 and its 200 day moving average price is $47.35. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 15.15 and a beta of 0.88. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.65.

ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, February 4th. The business services provider reported $1.15 earnings per share 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 business 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 company earned $1.28 EPS. The firm’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, equities analysts expect that ASGN Incorporated will post 5.15 EPS for the current year.

Hedge Funds Weigh In On ASGN

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New South Capital Management Inc. raised its stake in ASGN by 39.2% during the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the business services provider’s stock valued at $30,588,000 after acquiring an additional 178,895 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of ASGN in the 3rd quarter valued at approximately $8,030,000. Reinhart Partners LLC. grew its stake in shares of ASGN by 12.5% in the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the business services provider’s stock valued at $58,139,000 after purchasing an additional 134,513 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of ASGN in the third quarter valued at approximately $4,065,000. Finally, SG Americas Securities LLC increased its holdings in shares of ASGN by 1,376.9% in the third 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. Hedge funds and other institutional investors 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.