ASGN Incorporated (NYSE:ASGN) Short Interest Down 5.5% in September

ASGN Incorporated (NYSE:ASGN) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,370,000 shares, a decrease of 5.5% from the September 15th total of 1,450,000 shares. Based on an average trading volume of 315,800 shares, the days-to-cover ratio is presently 4.3 days. Approximately 3.2% of the company’s stock are sold short.

Insiders Place Their Bets

In other ASGN news, Director Arshad Matin sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $92.51, for a total value of $185,020.00. Following the completion of the transaction, the director now owns 11,645 shares in the company, valued at $1,077,278.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other ASGN news, Director Arshad Matin sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $92.51, for a total value of $185,020.00. Following the completion of the transaction, the director now owns 11,645 shares in the company, valued at $1,077,278.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan S. Holman sold 503 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total value of $45,496.35. Following the transaction, the director now owns 10,821 shares of the company’s stock, valued at approximately $978,759.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On ASGN

Large investors have recently added to or reduced their stakes in the stock. LRI Investments LLC acquired a new stake in ASGN in the first quarter worth $154,000. Meadow Creek Wealth Advisors LLC acquired a new stake in ASGN in the first quarter worth $512,000. Argent Capital Management LLC increased its position in ASGN by 10.7% in the first quarter. Argent Capital Management LLC now owns 6,549 shares of the business services provider’s stock worth $686,000 after buying an additional 632 shares during the period. Handelsbanken Fonder AB increased its position in ASGN by 28.2% in the third quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock worth $1,102,000 after buying an additional 2,600 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of ASGN by 1,851.6% during the second quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock valued at $1,753,000 after purchasing an additional 18,868 shares during the period. 95.36% of the stock is owned by institutional investors and hedge funds.

ASGN Stock Performance

Shares of ASGN opened at $99.28 on Thursday. The business’s fifty day moving average price is $93.03 and its 200 day moving average price is $94.16. ASGN has a 12-month low of $76.70 and a 12-month high of $106.42. The stock has a market capitalization of $4.56 billion, a PE ratio of 22.98 and a beta of 1.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 2.34.

ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.03. ASGN had a return on equity of 14.30% and a net margin of 4.56%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $1.59 earnings per share. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities research analysts forecast that ASGN will post 5.14 EPS for the current year.

Analyst Upgrades and Downgrades

ASGN has been the subject of several research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 target price on shares of ASGN in a research note on Thursday, July 25th. Jefferies Financial Group reduced their target price on ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.22.

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.