Latest news with #ASGNIncorporated
Yahoo
6 days ago
- Business
- Yahoo
Should You Continue to Hold ASGN Incorporated (ASGN)?
Baron Funds, an investment management company, released its 'Baron Small Cap Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter of 2025, the fund was up 10.38%% (Institutional Shares) compared to the Russell 2000 Growth Index's (the Index) 11.97% return. Year to date, the Fund is up 0.36% compared to the index's (0.48)% return. Small-cap stocks recovered well during the quarter and performed in line with the overall market but have significantly trailed larger-cap stocks this year. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Baron Small Cap Fund highlighted stocks such as ASGN Incorporated (NYSE:ASGN). Based in Glen Allen, Virginia, ASGN Incorporated (NYSE:ASGN) is an information technology services and professional solutions provider in the technology, digital, and creative fields. The one-month return of ASGN Incorporated (NYSE:ASGN) was 1.94%, and its shares lost 43.19% of their value over the last 52 weeks. On August 8, 2025, ASGN Incorporated (NYSE:ASGN) stock closed at $49.44 per share, with a market capitalization of $2.165 billion. Baron Small Cap Fund stated the following regarding ASGN Incorporated (NYSE:ASGN) in its second quarter 2025 investor letter: "ASGN Incorporated (NYSE:ASGN) is the second largest staffing firm in the U.S., providing IT and professional services across the technology, digital, and creative fields for both commercial and government clients. Customers remain cautious with spending and hesitant to initiate new IT projects without greater clarity on the economic outlook. Earnings per share guidance for the second quarter came in roughly 12% below consensus, reflecting flat revenue expectations and margin pressure tied to the loss of Department of Government Efficiency business and a higher mix of lower-margin federal contracts. Consulting services grew nearly 5% organically and now represent approximately 61% of total revenue, up 400 basis points year-over-year, and that book of business, in our opinion, is worth a higher multiple. We continue to believe that ASGN is well positioned to meet the IT needs of its clients as demand normalizes over time and that the stock is cheap." A finance executive tapping away on a digital tablet, demonstrating the company's digital innovation. ASGN Incorporated (NYSE:ASGN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 21 hedge fund portfolios held ASGN Incorporated (NYSE:ASGN) at the end of the first quarter, which was 24 in the previous quarter. In the second quarter of 2025, ASGN Incorporated (NYSE: ASGN) reported revenues of $1.02 billion, which represents a 1.4% decrease year-over-year; however, it surpassed guidance expectations. While we acknowledge the potential of ASGN Incorporated (NYSE:ASGN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered ASGN Incorporated (NYSE:ASGN) and shared the list of best beaten down stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Wire
09-07-2025
- Business
- Business Wire
ASGN Schedules Second Quarter 2025 Earnings Release and Conference Call
RICHMOND, Va.--(BUSINESS WIRE)--ASGN Incorporated (NYSE: ASGN) announced today that it will host its second quarter 2025 conference call on Wednesday, July 23, 2025, at 4:30 p.m. ET. The Company's financial results and prepared remarks will be posted to its website prior to the call. The dial-in number for this conference call is 877-407-0792 (+1-201-689-8263 outside the United States). Please reference Conference ID number 13753950. A replay of the conference call will be available from 7:30 p.m. ET July 23, 2025, until August 6, 2025. The dial-in number for the replay is 844-512-2921 (+1-412-317-6671 outside the United States) and the replay access code is 13753950. The webcast for this call will be available at About ASGN Incorporated ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions across the commercial and government sectors. ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offerings. For more information, visit us at
Business Wire
17-06-2025
- Business
- Business Wire
ECS Named #1 Managed Service Provider
FAIRFAX, Va.--(BUSINESS WIRE)-- ECS, an advanced technology solutions provider focused on data and AI, cybersecurity, and enterprise transformation solutions, and an ASGN (NYSE: ASGN) brand, was recently named the #1 managed service provider (MSP) for the sixth year in a row on Channel E2E's Top 100 Vertical Market MSPs list. The annual list identifies and honors the top 100 vertical market MSPs in healthcare, legal, government, financial services, manufacturing, and more. 'We're committed to delivering scalable, push-button solutions that secure and streamline enterprise operations and make a quick, tangible impact.' Share ECS offers a wide range of managed service solutions for both commercial and federal clients, ranging from cybersecurity, cloud, and IT operations to governance, risk, and compliance (GRC), and more. The company is also a top five provider of data and AI solutions to the federal government and consistently ranks as a top managed security solutions provider (MSSP) on MSSP Alert's Top 250 list. ECS' managed security solutions include managed detection and response (MDR) and security operations center-as-a-service (SOCaaS). 'As organizations seek faster, smarter ways to achieve mission success, we're seeing growing momentum around agile, managed service models,' said John Heneghan, president of ECS. 'Our sixth consecutive recognition as a top MSP by Channel E2E reflects our commitment to delivering scalable, push-button solutions that secure and streamline enterprise operations and make a quick, tangible impact. When we do our job as a mission enabler, we empower our commercial and federal customers to innovate, compete, unlock new efficiencies, and leverage advanced capabilities without increasing costs.' About ECS ECS, a key segment of ASGN Incorporated, provides advanced technology solutions that enable fast and efficient decision making and deliver mission outcomes. ECS' leading-edge AI, cybersecurity, and open data management solutions boost collaboration, innovation, and worker productivity, improve employee and customer experiences, and protect critical agency data and assets. For more information, visit About ASGN Incorporated ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions across the commercial and government sectors. ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offerings. For more information, please visit Safe Harbor Certain statements made in this news release are 'forward-looking statements' within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and involve a high degree of risk and uncertainty. Forward-looking statements include statements regarding our anticipated financial and operating performance. All statements in this news release, other than those setting forth strictly historical information, are forward-looking statements. Forward-looking statements are not guarantees of future performance and actual results might differ materially. For a full list of risks and discussion of forward-looking statements, please see our Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 24, 2025. We specifically disclaim any intention or duty to update any forward-looking statements contained in this news release.
Business Wire
20-05-2025
- Business
- Business Wire
ASGN Incorporated Announces Participation in June Conferences
RICHMOND, Va.--(BUSINESS WIRE)--ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions across the commercial and government sectors, announced today the Company's participation in two upcoming conferences: Baird 2025 Global Consumer, Technology & Services Conference on Tuesday, June 3, 2025, at the InterContinental New York Barclay in New York City. Ted Hanson, CEO, and Marie Perry, CFO, are scheduled to present at 3:45 p.m. ET and will participate in investor meetings throughout the day. William Blair 45th Annual Growth Stock Conference on Wednesday, June 4, 2025, at the Loews Chicago Hotel in Chicago. Ted Hanson, CEO, Shiv Iyer, President, and Marie Perry, CFO, are scheduled to present at 2:00 p.m. CT and will participate in investor meetings throughout the day. The presentation will be webcast live, and a link to the live event and replay will be made available on the Investors' section of ASGN's website at About ASGN Incorporated ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions across the commercial and government sectors. ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offerings. For more information, please visit
Yahoo
09-04-2025
- Business
- Yahoo
Is It Time To Consider Buying ASGN Incorporated (NYSE:ASGN)?
ASGN Incorporated (NYSE:ASGN), is not the largest company out there, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$93.96 at one point, and dropping to the lows of US$56.85. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether ASGN's current trading price of US$56.85 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at ASGN's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Good news, investors! ASGN is still a bargain right now according to our price multiple model, which compares the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that ASGN's ratio of 14.3x is below its peer average of 30.28x, which indicates the stock is trading at a lower price compared to the IT industry. However, given that ASGN's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. See our latest analysis for ASGN Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 31% over the next couple of years, the future seems bright for ASGN. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? Since ASGN is currently below the industry PE ratio, it may be a great time to accumulate more of your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current price multiple. Are you a potential investor? If you've been keeping an eye on ASGN for a while, now might be the time to make a leap. Its prosperous future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy ASGN. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example - ASGN has 1 warning sign we think you should be aware of. If you are no longer interested in ASGN, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
