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

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

Insider Activity

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

Institutional Investors Weigh In On ASGN

Large investors have recently made changes to their positions in the company. Meadow Creek Wealth Advisors LLC purchased a new position in shares of ASGN in the first quarter worth approximately $512,000. Argent Capital Management LLC boosted its stake in shares of ASGN by 10.7% during the 1st quarter. Argent Capital Management LLC now owns 6,549 shares of the business services provider's stock worth $686,000 after acquiring an additional 632 shares during the last quarter. LRI Investments LLC bought a new stake in shares of ASGN during the 1st quarter valued at $154,000. SG Americas Securities LLC increased its stake in shares of ASGN by 1,851.6% in the 2nd quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider's stock worth $1,753,000 after purchasing an additional 18,868 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in ASGN by 28.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider's stock worth $1,102,000 after purchasing an additional 2,600 shares during the period. 95.36% of the stock is currently owned by institutional investors.

ASGN Stock Performance

ASGN stock traded up $1.83 during midday trading on Wednesday, reaching $99.28. 340,623 shares of the company traded hands, compared to its average volume of 291,377. ASGN has a 12 month low of $76.70 and a 12 month high of $106.42. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 2.34. The business has a 50 day moving average of $92.75 and a two-hundred day moving average of $94.13. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 22.99 and a beta of 1.40.

ASGN (NYSE:ASGN - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.36 earnings per share for the quarter, beating 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 analysts' expectations of $1.05 billion. During the same period in the prior year, the firm earned $1.59 EPS. The company's revenue was down 8.5% compared to the same quarter last year. As a group, research analysts predict that ASGN will post 5.14 earnings per share for the current year.

Analysts Set New Price Targets

ASGN has been the topic of several recent analyst reports. Jefferies Financial Group cut their price objective on shares of ASGN from $95.00 to $88.00 and set a "hold" rating on the stock in a research report on Monday, September 9th. Canaccord Genuity Group reissued a "buy" rating and set a $115.00 price target on shares of ASGN in a research report on Thursday, July 25th. Two 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 data from MarketBeat.com, ASGN presently has an average rating of "Hold" and a consensus 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.