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ASGN ( (ASGN) ) just unveiled an update.
On January 20, 2026, ASGN announced a definitive agreement to acquire Quinnox Inc., a Chicago-founded digital solutions provider with operations in India and the UK, for $290 million in cash, with closing expected in March 2026 subject to customary antitrust approvals. The deal adds a scaled offshore digital engineering platform, strengthens ASGN’s AI, data, and application modernization capabilities, and broadens its reach across complementary industries including financial services, energy, retail, transportation, and manufacturing, with Quinnox contributing roughly $100 million in 2025 revenue, low-to-mid teens expected revenue growth in 2026, and Adjusted EBITDA margins in the low 20% range, and is projected to be accretive to ASGN’s adjusted earnings per share in the first full year after closing. ASGN also updated its outlook for the fourth quarter of 2025, expecting revenue and Adjusted EBITDA to land at the high end of prior guidance, highlighted robust free cash flow conversion above its 60–65% target, and underscored a balanced capital allocation strategy that combines strategic M&A like the Quinnox acquisition with an aggressive $1 billion share repurchase program, of which $972 million remained after buying back 1.4 million shares in the quarter.
The most recent analyst rating on (ASGN) stock is a Hold with a $50.00 price target. To see the full list of analyst forecasts on ASGN stock, see the ASGN Stock Forecast page.
Spark’s Take on ASGN Stock
According to Spark, TipRanks’ AI Analyst, ASGN is a Neutral.
ASGN’s overall stock score reflects a company facing financial challenges with declining revenue and profitability, but with potential growth opportunities in IT consulting and AI. The technical analysis suggests caution, while the valuation remains reasonable. The earnings call provided a balanced outlook with both strengths and risks.
To see Spark’s full report on ASGN stock, click here.
More about ASGN
ASGN Incorporated, which is transitioning to the Everforth brand, is a leading provider of IT services and digital solutions to commercial and government clients, unifying six existing brands under a single identity. Everforth focuses on six core solution areas—AI and data, cloud and infrastructure, digital engineering, customer experience, cybersecurity, and enterprise platforms—leveraging proprietary assets and cross-brand collaboration to deliver technology and digital engineering outcomes that help organizations adapt and innovate.
Average Trading Volume: 584,059
Technical Sentiment Signal: Sell
Current Market Cap: $2.09B
Learn more about ASGN stock on TipRanks’ Stock Analysis page.