Short Interest in ASGN Incorporated (NYSE:ASGN) Rises By 9.8%

ASGN Incorporated (NYSE:ASGN - Get Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 1,230,000 shares, an increase of 9.8% from the February 29th total of 1,120,000 shares. Based on an average trading volume of 230,600 shares, the days-to-cover ratio is presently 5.3 days. Approximately 2.8% of the company's stock are short sold.

Insider Transactions at ASGN

In other news, SVP Jennifer Hankes Painter sold 1,100 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $93.62, for a total value of $102,982.00. Following the completion of the sale, the senior vice president now owns 52,716 shares in the company, valued at approximately $4,935,271.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Jennifer Hankes Painter sold 1,100 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $93.62, for a total transaction of $102,982.00. Following the completion of the transaction, the senior vice president now owns 52,716 shares in the company, valued at $4,935,271.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Randolph C. Blazer sold 7,746 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the transaction, the president now owns 107,923 shares of the company's stock, valued at approximately $10,178,218.13. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Institutional Investors Weigh In On ASGN

Several large investors have recently bought and sold shares of ASGN. Captrust Financial Advisors grew its stake in shares of ASGN by 16.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,974 shares of the business services provider's stock valued at $178,000 after purchasing an additional 273 shares during the period. Russell Investments Group Ltd. grew its stake in shares of ASGN by 19.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,277 shares of the business services provider's stock valued at $1,836,000 after purchasing an additional 3,901 shares during the period. Pinebridge Investments L.P. bought a new stake in shares of ASGN during the 2nd quarter valued at about $29,000. State of Tennessee Treasury Department grew its stake in shares of ASGN by 54.6% during the 2nd quarter. State of Tennessee Treasury Department now owns 24,313 shares of the business services provider's stock valued at $1,839,000 after purchasing an additional 8,588 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of ASGN by 8.1% during the 3rd quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider's stock valued at $1,298,000 after purchasing an additional 1,193 shares during the period. 95.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ASGN has been the topic of a number of recent analyst reports. Canaccord Genuity Group began coverage on shares of ASGN in a research report on Wednesday, December 6th. They issued a "buy" rating and a $110.00 price objective on the stock. Truist Financial upped their price objective on shares of ASGN from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, January 2nd. BMO Capital Markets upped their price objective on shares of ASGN to $110.00 and gave the stock a "hold" rating in a research report on Wednesday, January 10th. Jefferies Financial Group upped their price objective on shares of ASGN to $88.00 and gave the stock a "hold" rating in a research report on Wednesday, January 10th. Finally, Bank Of America (Bofa) restated an "underweight" rating and issued a $70.00 price objective on shares of ASGN in a research report on Monday, January 8th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, ASGN presently has an average rating of "Hold" and a consensus price target of $93.50.

ASGN Trading Up 0.3 %

ASGN stock traded up $0.32 on Wednesday, reaching $101.19. The company's stock had a trading volume of 218,792 shares, compared to its average volume of 233,961. The business has a fifty day simple moving average of $98.71 and a two-hundred day simple moving average of $91.54. ASGN has a 12-month low of $63.27 and a 12-month high of $106.42. The firm has a market cap of $4.71 billion, a PE ratio of 22.49, a PEG ratio of 4.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.47 and a current ratio of 2.47.

ASGN (NYSE:ASGN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.37 by $0.08. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. ASGN had a return on equity of 15.52% and a net margin of 4.93%. The company's revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 earnings per share. As a group, research analysts forecast that ASGN will post 5.82 EPS for the current year.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.