ASGN Incorporated (NYSE:ASGN) Short Interest Update

ASGN Incorporated (NYSE:ASGN - Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 1,460,000 shares, an increase of 6.6% from the September 30th total of 1,370,000 shares. Based on an average daily volume of 285,400 shares, the days-to-cover ratio is currently 5.1 days. Approximately 3.4% of the shares of the stock are sold short.

Insider Transactions at ASGN

In other ASGN news, Director Carol Lindstrom sold 1,060 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $93.02, for a total transaction of $98,601.20. Following the sale, the director now directly owns 4,579 shares in the company, valued at $425,938.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other ASGN news, Director Carol Lindstrom sold 1,060 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $93.02, for a total transaction of $98,601.20. Following the completion of the sale, the director now directly owns 4,579 shares in the company, valued at $425,938.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arshad Matin sold 2,000 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 11,645 shares in the company, valued at approximately $1,077,278.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,563 shares of company stock valued at $1,279,418. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of ASGN

A number of large investors have recently bought and sold shares of ASGN. Reinhart Partners LLC. boosted its position in shares of ASGN by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider's stock valued at $54,912,000 after purchasing an additional 39,607 shares in the last quarter. SG Americas Securities LLC grew its position in shares of ASGN by 1,851.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider's stock worth $1,753,000 after buying an additional 18,868 shares during the period. Argent Capital Management LLC increased its stake in shares of ASGN by 43.8% in the 2nd quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider's stock valued at $830,000 after acquiring an additional 2,868 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of ASGN by 28.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider's stock valued at $1,102,000 after acquiring an additional 2,600 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of ASGN during the 1st quarter valued at $154,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their price target on shares of ASGN from $94.00 to $96.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $115.00 target price on shares of ASGN in a report on Thursday, October 24th. Finally, Jefferies Financial Group cut their price target on ASGN from $95.00 to $88.00 and set a "hold" rating on the stock in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $97.44.

ASGN Trading Down 1.1 %

Shares of ASGN stock traded down $1.04 during midday trading on Friday, reaching $91.06. The company had a trading volume of 293,873 shares, compared to its average volume of 293,810. The stock has a fifty day moving average price of $93.88 and a 200 day moving average price of $93.84. ASGN has a fifty-two week low of $82.67 and a fifty-two week high of $106.42. The firm has a market cap of $4.18 billion, a PE ratio of 23.01 and a beta of 1.40. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.34 and a quick ratio of 2.34.

ASGN (NYSE:ASGN - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.08. ASGN had a net margin of 4.37% and a return on equity of 13.65%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The company's revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts anticipate that ASGN will post 5.17 earnings per share for the current year.

About ASGN

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.