Insider Buying: ASGN (NYSE:EFOR) EVP Buys 5,350 Shares of Stock
by Jessica Moore · The Cerbat GemASGN Incorporated (NYSE:EFOR – Get Free Report) EVP Marie Perry acquired 5,350 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of $18.70 per share, for a total transaction of $100,045.00. Following the transaction, the executive vice president directly owned 58,328 shares of the company’s stock, valued at $1,090,733.60. This represents a 10.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
ASGN Trading Up 11.1%
Shares of EFOR stock traded up $2.10 on Monday, reaching $21.07. The company’s stock had a trading volume of 2,855,340 shares, compared to its average volume of 926,169. ASGN Incorporated has a 12-month low of $18.50 and a 12-month high of $60.75.
ASGN (NYSE:EFOR – Get Free Report) last released its earnings results on Saturday, April 25th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.28). The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. New South Capital Management Inc. grew its stake in shares of ASGN by 46.0% during the third quarter. New South Capital Management Inc. now owns 456,116 shares of the company’s stock valued at $21,597,000 after buying an additional 143,696 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of ASGN during the third quarter valued at about $8,030,000. Reinhart Partners LLC. grew its stake in shares of ASGN by 5.2% during the third quarter. Reinhart Partners LLC. now owns 1,072,427 shares of the company’s stock valued at $50,780,000 after buying an additional 53,021 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of ASGN by 1,376.9% during the third quarter. SG Americas Securities LLC now owns 73,224 shares of the company’s stock valued at $3,467,000 after buying an additional 68,266 shares during the last quarter. Finally, SummerHaven Investment Management LLC bought a new position in shares of ASGN during the third quarter valued at about $797,000.
Wall Street Analysts Forecast Growth
EFOR has been the topic of a number of research analyst reports. Truist Financial cut ASGN from a “buy” rating to a “hold” rating and reduced their target price for the company from $60.00 to $33.00 in a research note on Thursday. Robert W. Baird reduced their target price on ASGN from $62.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday. Wall Street Zen cut ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. UBS Group reduced their target price on ASGN from $39.00 to $35.00 and set a “sell” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a research note on Thursday. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $35.67.
ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.
Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.