ASGN Incorporated (NYSE:ASGN) Short Interest Up 20.4% in March

ASGN Incorporated (NYSE:ASGN) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 3,197,315 shares, a growth of 20.4% from the March 15th total of 2,655,287 shares. Currently, 8.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,389,755 shares, the short-interest ratio is presently 2.3 days.

ASGN Price Performance

NYSE ASGN opened at $39.53 on Friday. The company has a 50 day simple moving average of $39.98 and a 200-day simple moving average of $44.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 15.14 and a beta of 0.89. ASGN has a 52-week low of $34.59 and a 52-week high of $60.75.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, February 4th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.03). The company had revenue of $980.10 million during the quarter, compared to analysts’ expectations of $979.05 million. ASGN had a return on equity of 10.94% and a net margin of 2.85%.ASGN’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. ASGN has set its Q1 2026 guidance at 0.930-1.020 EPS. Equities research analysts predict that ASGN will post 5.15 earnings per share for the current fiscal year.

Institutional Trading of ASGN

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position in shares of ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the business services provider’s stock worth $26,000 after purchasing an additional 250 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of ASGN by 97.8% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the business services provider’s stock worth $26,000 after purchasing an additional 268 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of ASGN by 119.0% in the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock worth $49,000 after purchasing an additional 551 shares in the last quarter. Torren Management LLC purchased a new stake in shares of ASGN in the fourth quarter worth approximately $34,000. Finally, Parallel Advisors LLC lifted its position in shares of ASGN by 190.8% in the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock worth $67,000 after purchasing an additional 912 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ASGN. Truist Financial raised their price objective on shares of ASGN from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Wells Fargo & Company raised their price objective on shares of ASGN from $49.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. BMO Capital Markets restated an “outperform” rating and set a $65.00 price objective on shares of ASGN in a research report on Friday, February 6th. Weiss Ratings restated a “sell (d+)” rating on shares of ASGN in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of ASGN from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $54.71.

About ASGN

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.