ASGN Incorporated (NYSE:ASGN) Short Interest Update

ASGN Incorporated (NYSE:ASGN - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,180,000 shares, a growth of 14.6% from the March 31st total of 1,030,000 shares. Based on an average daily volume of 238,200 shares, the short-interest ratio is presently 5.0 days. Currently, 2.6% of the shares of the company are short sold.

ASGN Stock Performance

Shares of NYSE:ASGN traded up $1.17 on Monday, reaching $98.68. The company's stock had a trading volume of 449,605 shares, compared to its average volume of 251,067. The stock has a market capitalization of $4.59 billion, a P/E ratio of 22.84, a PEG ratio of 7.08 and a beta of 1.50. ASGN has a 52-week low of $63.27 and a 52-week high of $106.42. The stock's 50-day moving average is $99.64 and its two-hundred day moving average is $93.72. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.47 and a quick ratio of 2.47.

ASGN (NYSE:ASGN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.16 earnings per share for the quarter, meeting analysts' consensus estimates of $1.16. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. ASGN had a net margin of 4.76% and a return on equity of 14.90%. ASGN's quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the firm posted $1.38 EPS. As a group, sell-side analysts forecast that ASGN will post 5.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ASGN. Canaccord Genuity Group reiterated a "buy" rating and set a $110.00 price target on shares of ASGN in a research report on Wednesday, January 3rd. Truist Financial lifted their price objective on 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 dropped their target price on ASGN from $95.00 to $94.00 and set a "market perform" rating for the company in a report on Friday. Bank Of America (Bofa) reiterated an "underweight" rating and set a $70.00 price target on shares of ASGN in a report on Monday, January 8th. Finally, Robert W. Baird upped their price objective on shares of ASGN from $99.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $96.67.

Insider Buying and Selling at ASGN

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

Hedge Funds Weigh In On ASGN

A number of large investors have recently made changes to their positions in ASGN. EverSource Wealth Advisors LLC raised its holdings in ASGN by 38.5% during the third quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider's stock worth $50,000 after purchasing an additional 171 shares during the last quarter. Argent Capital Management LLC raised its stake in shares of ASGN by 19.5% during the 3rd quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider's stock worth $444,000 after buying an additional 887 shares during the last quarter. Meadow Creek Wealth Advisors LLC purchased a new stake in shares of ASGN in the 1st quarter worth about $512,000. SG Americas Securities LLC boosted its position in shares of ASGN by 8.1% in the 3rd quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider's stock worth $1,298,000 after buying an additional 1,193 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in ASGN by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider's stock valued at $9,005,000 after acquiring an additional 3,787 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

About ASGN

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.

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