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

ASGN Incorporated (NYSE:ASGNGet Free Report) saw a significant increase in short interest in the month of 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. Approximately 2.8% of the company’s stock are sold short. Based on an average daily volume of 230,600 shares, the short-interest ratio is currently 5.3 days.

Insider Buying and Selling

In other news, SVP Jennifer Hankes Painter sold 1,100 shares of the company’s stock in a transaction dated 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 directly owns 52,716 shares of the company’s stock, valued at approximately $4,935,271.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 sale, the senior vice president now directly owns 52,716 shares of the company’s stock, valued at approximately $4,935,271.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Randolph C. Blazer sold 7,746 shares of the firm’s 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 transaction, the president now directly 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. 3.40% of the stock is owned by insiders.

Hedge Funds Weigh In On ASGN

A number of hedge funds have recently modified their holdings of the company. Captrust Financial Advisors lifted its position in shares of ASGN by 16.0% in the second quarter. Captrust Financial Advisors now owns 1,974 shares of the business services provider’s stock valued at $178,000 after acquiring an additional 273 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in ASGN by 19.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 24,277 shares of the business services provider’s stock worth $1,836,000 after purchasing an additional 3,901 shares in the last quarter. Pinebridge Investments L.P. bought a new position in ASGN in the 2nd quarter worth approximately $29,000. State of Tennessee Treasury Department grew its holdings in 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 buying an additional 8,588 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of ASGN by 8.1% during the third quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock valued at $1,298,000 after buying an additional 1,193 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

ASGN Stock Performance

ASGN stock traded up $0.35 during trading on Wednesday, reaching $101.22. The company had a trading volume of 61,733 shares, compared to its average volume of 231,484. The firm’s 50-day simple moving average is $98.57 and its 200 day simple moving average is $91.47. ASGN has a 52 week low of $63.27 and a 52 week high of $106.42. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 4.09 and a beta of 1.50.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $110.00 target price on shares of ASGN in a report on Wednesday, January 3rd. Jefferies Financial Group boosted their price objective on shares of ASGN to $88.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. BMO Capital Markets increased their target price on ASGN to $110.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Company lifted their target price on ASGN to $112.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Truist Financial upped their price target on ASGN from $93.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $93.50.

Check Out Our Latest Stock Report on ASGN

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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