ASGN Inc (NYSE:ASGN) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 700,300 shares, a drop of 21.1% from the September 15th total of 888,100 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 235,500 shares, the days-to-cover ratio is currently 3.0 days.
A number of research analysts have recently issued reports on ASGN shares. SunTrust Banks lifted their price target on ASGN from $72.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 31st. Zacks Investment Research upgraded ASGN from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Tuesday, September 29th. Finally, Credit Suisse Group lifted their price target on ASGN from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.88.
Shares of ASGN stock traded up $0.31 on Friday, hitting $71.80. The company’s stock had a trading volume of 179,869 shares, compared to its average volume of 345,327. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.39 and a current ratio of 2.39. ASGN has a 1 year low of $29.04 and a 1 year high of $74.85. The firm has a fifty day moving average price of $68.74 and a 200-day moving average price of $60.52. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.74 and a beta of 2.34.
In other news, SVP Jennifer Hankes Painter sold 4,000 shares of ASGN stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $73.32, for a total value of $293,280.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Arshad Matin sold 2,473 shares of ASGN stock in a transaction on Friday, July 31st. The shares were sold at an average price of $66.59, for a total value of $164,677.07. Following the completion of the transaction, the director now owns 9,964 shares in the company, valued at $663,502.76. The disclosure for this sale can be found here. Insiders have sold a total of 114,997 shares of company stock worth $8,283,884 over the last 90 days. 3.90% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. FMR LLC increased its stake in ASGN by 34.2% during the 2nd quarter. FMR LLC now owns 5,289,956 shares of the business services provider’s stock worth $352,734,000 after buying an additional 1,346,977 shares in the last quarter. AQR Capital Management LLC increased its stake in ASGN by 880.8% during the 2nd quarter. AQR Capital Management LLC now owns 210,983 shares of the business services provider’s stock worth $13,919,000 after buying an additional 189,471 shares in the last quarter. Morgan Stanley increased its stake in ASGN by 113.3% during the 1st quarter. Morgan Stanley now owns 294,901 shares of the business services provider’s stock worth $10,416,000 after buying an additional 156,627 shares in the last quarter. Prudential Financial Inc. increased its stake in ASGN by 141.2% during the 2nd quarter. Prudential Financial Inc. now owns 173,064 shares of the business services provider’s stock worth $11,540,000 after buying an additional 101,304 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in ASGN by 1,121.3% during the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 97,700 shares of the business services provider’s stock worth $6,515,000 after buying an additional 89,700 shares in the last quarter. Hedge funds and other institutional investors own 92.62% of the company’s stock.
ASGN Incorporated (NYSE: ASGN) is one of the foremost providers of IT and professional services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. Operating through its Apex, Oxford and ECS segments, ASGN helps leading corporate enterprises and government organizations develop, implement and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions.
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