ASGN Incorporated (NYSE:ASGN) Short Interest Up 9.8% in March

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

ASGN Stock Up 0.8 %

ASGN traded up $0.82 on Wednesday, hitting $101.69. 48,995 shares of the company were exchanged, compared to its average volume of 231,190. ASGN has a 12 month low of $63.27 and a 12 month high of $106.42. The company has a market cap of $4.73 billion, a PE ratio of 22.62, 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. The stock’s fifty day moving average is $98.57 and its 200-day moving average is $91.47.

ASGN (NYSE:ASGNGet Free Report) last released its earnings results on Wednesday, February 7th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.08. ASGN had a return on equity of 15.52% and a net margin of 4.93%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company posted $1.51 earnings per share. ASGN’s revenue was down 6.6% on a year-over-year basis. Equities research analysts predict that ASGN will post 5.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Truist Financial raised their target price on ASGN from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Canaccord Genuity Group restated a “buy” rating and set a $110.00 target price on shares of ASGN in a research report on Wednesday, January 3rd. Jefferies Financial Group raised their target price on ASGN to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Bank Of America (Bofa) restated an “underweight” rating and set a $70.00 target price on shares of ASGN in a research report on Monday, January 8th. Finally, UBS Group cut their target price on ASGN to $72.00 and set a “sell” rating for the company in a research report on Friday, December 8th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, ASGN has an average rating of “Hold” and an average price target of $93.50.

Read Our Latest Report on ASGN

Insiders Place Their Bets

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

Institutional Trading of ASGN

Several institutional investors and hedge funds have recently bought and sold shares of ASGN. Captrust Financial Advisors grew its position in shares of ASGN by 7.8% in the second quarter. Captrust Financial Advisors now owns 1,833 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 132 shares during the last quarter. EverSource Wealth Advisors LLC grew its position 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 buying an additional 171 shares in the last quarter. Pinebridge Investments L.P. acquired a new stake in ASGN during the second quarter worth approximately $29,000. Argent Capital Management LLC grew its position in ASGN by 8.9% during the fourth quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock worth $569,000 after buying an additional 484 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in ASGN by 8.1% during the third 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. Institutional investors own 95.36% of the company’s stock.

ASGN Company Profile

(Get Free Report)

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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