Short Interest in ASGN Incorporated (NYSE:ASGN) Expands By 20.4%

ASGN Incorporated (NYSE:ASGN) was the target of a large growth in short interest during the month of 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. Based on an average trading volume of 1,389,755 shares, the days-to-cover ratio is presently 2.3 days. Approximately 8.0% of the company’s shares are sold short.

ASGN Stock Performance

Shares of ASGN traded up $0.31 during midday trading on Friday, reaching $39.53. The stock had a trading volume of 652,678 shares, compared to its average volume of 1,018,122. The firm has a 50 day simple moving average of $39.98 and a 200-day simple moving average of $44.77. ASGN has a one year low of $34.59 and a one year high of $60.75. The firm has a market cap of $1.63 billion, a PE ratio of 15.14 and a beta of 0.89. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.65.

ASGN (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, February 4th. The business services provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.03). ASGN had a net margin of 2.85% and a return on equity of 10.94%. The firm had revenue of $980.10 million during the quarter, compared to the consensus estimate of $979.05 million. During the same period last year, the business earned $1.28 EPS. The business’s revenue was down .5% on a year-over-year basis. ASGN has set its Q1 2026 guidance at 0.930-1.020 EPS. As a group, sell-side analysts anticipate that ASGN will post 5.15 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC grew its position in shares of ASGN by 68.9% in the 1st quarter. SG Americas Securities LLC now owns 68,386 shares of the business services provider’s stock valued at $2,647,000 after acquiring an additional 27,903 shares during the period. Russell Investments Group Ltd. grew its position in shares of ASGN by 106.4% in the 4th quarter. Russell Investments Group Ltd. now owns 62,934 shares of the business services provider’s stock valued at $3,032,000 after acquiring an additional 32,437 shares during the period. New South Capital Management Inc. grew its position in shares of ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the business services provider’s stock valued at $30,588,000 after acquiring an additional 178,895 shares during the period. Parallel Advisors LLC boosted its position in ASGN by 190.8% during 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 during the period. Finally, Reinhart Partners LLC. boosted its position in ASGN by 12.5% during the fourth quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the business services provider’s stock worth $58,139,000 after purchasing an additional 134,513 shares during the period. Institutional investors own 95.36% of the company’s stock.

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.