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ASGN price target raised to $60 from $50 at Truist
Yahoo Finance· 2026-01-28 13:26
Core Viewpoint - Truist has raised the price target on ASGN to $60 from $50 while maintaining a Buy rating, indicating positive sentiment towards the company's future performance in the IT staffing sector [1]. Group 1: Company Performance - ASGN is expected to experience 4%-6% year-over-year revenue growth in 2026, reflecting improving business conditions as reported by firms [1]. - Private companies have noted that business conditions have improved throughout the fourth quarter, with a strong start in January 2026 [1]. Group 2: Market Trends - The demand for ASGN's services may be bolstered by AI, as clients seek assistance with implementation into their workflows [1].
Kforce price target raised to $38 from $35 at Truist
Yahoo Finance· 2026-01-28 13:25
Truist raised the firm’s price target on Kforce (KFRC) to $38 from $35 and keeps a Hold rating on the shares as part of a broader research note on IT Staffing names. Firms have indicated improving business conditions and expect 4%-6% y/y revenue growth in 2026, while private companies cited that business conditions improved throughout the fourth quarter and January is off to a solid start in 2026, the analyst tells investors in a research note. Published first on TheFly – the ultimate source for real-time, ...
Motion Recruitment Releases 2026 Tech Salary Guide Highlighting Compensation Trends as AI and Specialization Reshape the Talent Market
Globenewswire· 2025-12-22 12:32
Core Insights - Motion Recruitment's 2026 Tech Salary Guide reveals that while average tech salaries in the U.S. grew by only 0.8% year-over-year, specialized roles experienced significant salary increases, indicating a divergence in compensation trends within the tech industry [3][4][8] Salary Trends - Average salaries for specialized roles such as LLM developers reached $209,000, while senior data workers earned an average of $178,000 in 2025 [4] - Mid-level AI engineers saw the highest salary increase at 9.2% year-over-year, followed by senior platform engineers at 8.9% and mid-level Salesforce developers at 8.5% [8] - The overall average IT salary remained flat, highlighting the disparity between generalist and specialized roles [3][7] Hiring Dynamics - AI adoption has slowed hiring for entry-level and generalist IT roles, with organizations facing skills shortages and needing to recruit or train specialized talent [5][9] - The demand for specialized skills in data engineering, cybersecurity, and applied AI is driving the strongest compensation growth [5][9] Market Insights - The tech job market is increasingly specialized, with AI-focused roles increasing by 49% and data security roles by 30% [9] - Employers are prioritizing candidates with hands-on experience in AI, data, and cloud infrastructure, as well as those who demonstrate continuous growth through upskilling [5][10] Location Impact - Salary growth varies significantly by location, with remote tech workers experiencing a pay increase of 2.8% compared to a 10% increase in New York City [11] - The tech salary can differ by over 24% between cities, emphasizing the importance of location in compensation [11] Challenges in Hiring - The prevalence of candidate fraud and bots is complicating the hiring process, leading employers to rely more on referral-driven pipelines [12][13] - Companies that do not balance workplace policies with compensation and flexibility risk losing experienced IT talent [12]
ASGN Incorporated: Maintaining Bearish Stance Despite Lofty 2028 Projections (NYSE:ASGN)
Seeking Alpha· 2025-12-17 13:52
Core Viewpoint - ASGN Incorporated has been downgraded to a 'Sell' due to poor earnings trends and declining performance indicators [1] Group 1: Company Performance - The downgrade reflects concerns over ASGN's earnings trends, which have shown a negative trajectory [1] - The company is categorized as an IT staffing provider, indicating its focus within the technology sector [1] Group 2: Investment Strategy - The investment strategy discussed involves buying undervalued profitable stocks with strong balance sheets and minimal debt [1] - Additional income can be generated by writing calls against positions when opportunities arise [1] - Risk management is emphasized through position sizing and the use of trailing stop losses over time [1]
Gravity IT Resources Joins the Workday Partner Program
Globenewswire· 2025-12-04 18:30
Core Insights - Gravity IT Resources has joined the Workday Partner Program, enhancing its ability to attract top certified Workday consultants and support non-certified professionals in obtaining certifications [1][4] - The company specializes in providing onshore and nearshore staffing solutions for the Workday ecosystem, offering a range of consultants with various skill sets to maximize clients' Workday investments [2][5] - Gravity IT Resources focuses on delivering specialized talent for Workday's Human Capital Management, Payroll, Talent Optimization, and People Analytics, utilizing a referral-driven sourcing methodology [3][6] Company Overview - Gravity IT Resources is headquartered in Fort Lauderdale and has been recognized as an Inc. 5000 award winner for seven consecutive years, highlighting its growth and industry leadership [7] - The company has been certified as a Great Place to Work for four years and has appeared on SIA's Fastest-Growing Staffing Firms list for the last two years [7] - Gravity offers flexible delivery models, including contract, contract-to-hire, direct hire, nearshore staff augmentation, managed team services, and executive search [8]
Cycurion Secures Florida State Term Contract to Power Next-Generation Government IT Transformation
Globenewswire· 2025-10-29 18:01
Core Insights - Cycurion, Inc. has been selected as an approved vendor under the Florida State Term Contract for IT Staff Augmentation Services, positioning the company to support Florida's digital modernization agenda [1][2] - The multi-year contract allows Florida state agencies and eligible entities to engage Cycurion directly for IT staff augmentation without competitive bidding, covering various IT disciplines [2][4] - Cycurion aims to build the technical backbone for Florida's future, focusing on critical infrastructure and AI-driven public services [3][4] Company Overview - Cycurion is based in McLean, Virginia, and specializes in IT cybersecurity solutions and AI, serving government, healthcare, and corporate clients [5] - The company emphasizes its commitment to delivering secure, reliable, and innovative services, leveraging its AI-enhanced ARx platform [5] Contract Details - The contract enables Cycurion to provide qualified IT professionals on a time-and-materials or statement-of-work basis, with pre-negotiated pricing approved by the Florida Department of Management Services [2][4] - Cycurion's selection reflects its track record in delivering secure and compliant IT staffing solutions at scale [4] Future Initiatives - Cycurion is aligning top-tier talent with upcoming initiatives in smart cities, telehealth expansion, and resilient election systems as part of Florida's investment in digital government [4] - The company plans to maintain a rapid-response bench of pre-vetted IT professionals and prioritize emerging disciplines such as zero-trust architecture and generative AI [7]
Cycurion Secures Florida State Term Contract to Power Next-Generation Government IT Transformation
Globenewswire· 2025-10-29 18:01
Core Insights - Cycurion, Inc. has been selected as an approved vendor under the Florida State Term Contract for IT Staff Augmentation Services, positioning the company to support Florida's digital modernization agenda [1][2] - The multi-year contract allows Florida state agencies and eligible entities to engage Cycurion directly for IT staffing without competitive bidding, covering various areas such as software development, cybersecurity, and AI integration [2][4] - Cycurion aims to build the technical backbone for Florida's future, focusing on critical infrastructure and AI-driven public services [3][4] Company Overview - Cycurion is based in McLean, Virginia, and specializes in IT cybersecurity solutions and AI, serving government, healthcare, and corporate clients [5] - The company utilizes its AI-enhanced ARx platform and expert team to deliver secure and innovative services [5] Strategic Focus - The company is committed to maintaining a rapid-response bench of pre-vetted IT professionals ready for deployment, prioritizing emerging disciplines like zero-trust architecture and generative AI [7] - Cycurion boasts a 98% client retention rate in public sector contracts, indicating strong performance and reliability in service delivery [7]