Short Interest in ASGN Incorporated (NYSE:ASGN) Rises By 19.2%

ASGN Incorporated (NYSE:ASGN) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 2,485,722 shares, an increase of 19.2% from the February 12th total of 2,084,572 shares. Based on an average daily trading volume, of 693,495 shares, the short-interest ratio is currently 3.6 days. Approximately 6.2% of the company’s stock are sold short. Approximately 6.2% of the company’s stock are sold short. Based on an average daily trading volume, of 693,495 shares, the short-interest ratio is currently 3.6 days.

Institutional Investors Weigh In On ASGN

Several large investors have recently added to or reduced their stakes in ASGN. New South Capital Management Inc. raised its stake in shares of ASGN by 46.0% during the third quarter. New South Capital Management Inc. now owns 456,116 shares of the business services provider’s stock valued at $21,597,000 after acquiring an additional 143,696 shares in the last quarter. Congress Asset Management Co. bought a new position in shares of ASGN during the third quarter valued at approximately $4,065,000. Reinhart Partners LLC. raised its position in shares of ASGN by 5.2% in the 3rd quarter. Reinhart Partners LLC. now owns 1,072,427 shares of the business services provider’s stock worth $50,780,000 after acquiring an additional 53,021 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of ASGN by 1,376.9% during the 3rd quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock worth $3,467,000 after purchasing an additional 68,266 shares during the last quarter. Finally, SummerHaven Investment Management LLC bought a new stake in ASGN during the third quarter valued at about $797,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

ASGN Stock Performance

Shares of NYSE ASGN traded up $0.56 during midday trading on Tuesday, hitting $36.99. 639,742 shares of the company’s stock traded hands, compared to its average volume of 680,328. The firm has a fifty day moving average of $45.80 and a 200 day moving average of $46.78. ASGN has a 1 year low of $35.69 and a 1 year high of $69.04. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.17 and a beta of 0.88.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $65.00 target price on shares of ASGN in a research note on Friday, February 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of ASGN in a research note on Wednesday, January 21st. 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 note on Tuesday, January 27th. Wall Street Zen raised shares of ASGN from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Wells Fargo & Company upped their target price on shares of ASGN from $49.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $54.71.

ASGN Company Profile

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.