Short Interest in ASGN Incorporated (NYSE:ASGN) Rises By 14.6%

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in 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 report on Tuesday, January 2nd. Robert W. Baird upped their price target on shares of ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets lowered their price objective on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating on the stock in a research note on Friday. Canaccord Genuity Group restated a “buy” rating and issued a $110.00 target price on shares of ASGN in a research report on Wednesday, January 3rd. Finally, Jefferies Financial Group lifted their price target on ASGN to $88.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Two investment 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’s stock. According to data from MarketBeat, ASGN currently has an average rating of “Hold” and a consensus price target of $96.67.

ASGN Stock Up 1.2 %

Shares of ASGN stock traded up $1.17 on Monday, reaching $98.68. 449,605 shares of the company’s stock traded hands, compared to its average volume of 251,067. The business’s 50 day moving average price is $99.64 and its two-hundred day moving average price is $93.72. The company has a market capitalization of $4.59 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 7.08 and a beta of 1.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.47 and a current ratio of 2.47. ASGN has a 12-month low of $63.27 and a 12-month high of $106.42.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, April 24th. The business services provider reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. ASGN had a return on equity of 14.90% and a net margin of 4.76%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.38 EPS. On average, equities analysts forecast that ASGN will post 5.28 earnings per share for the current year.

Insider Buying and Selling at ASGN

In other ASGN news, SVP Jennifer Hankes Painter sold 1,100 shares of the firm’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 sale, the senior vice president now directly owns 52,716 shares in the company, valued at $4,935,271.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other ASGN news, SVP Jennifer Hankes Painter sold 1,100 shares of the firm’s stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Randolph C. Blazer sold 7,746 shares of ASGN stock in a transaction that occurred on Friday, February 9th. The shares were 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 in the company, valued at approximately $10,178,218.13. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ASGN

A number of institutional investors have recently modified their holdings of ASGN. EverSource Wealth Advisors LLC lifted its holdings in shares of ASGN by 38.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock valued at $50,000 after buying an additional 171 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new stake in ASGN in the first quarter worth approximately $512,000. Argent Capital Management LLC increased 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 purchasing an additional 887 shares during the last quarter. SG Americas Securities LLC lifted its stake 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 valued at $1,298,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in ASGN by 3.6% in the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock worth $9,005,000 after purchasing an additional 3,787 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

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.