ASGN Incorporated (NYSE:ASGN – Get Rating) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 816,500 shares, a decline of 12.5% from the November 15th total of 933,500 shares. Based on an average daily volume of 241,600 shares, the short-interest ratio is currently 3.4 days. Currently, 1.7% of the company's shares are short sold.

ASGN Stock Down 0.8 %

ASGN stock opened at $81.28 on Friday. The business has a fifty day moving average of $88.22 and a two-hundred day moving average of $92.41. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The firm has a market cap of $4.06 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.91 and a beta of 1.66. ASGN has a twelve month low of $78.25 and a twelve month high of $131.89.

ASGN (NYSE:ASGN – Get Rating) last issued its quarterly earnings results on Wednesday, October 26th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.79. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. ASGN had a return on equity of 18.34% and a net margin of 6.63%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. On average, analysts forecast that ASGN will post 6.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Hedge Funds Weigh In On ASGN

Large investors have recently made changes to their positions in the business. Argent Capital Management LLC increased its position in shares of ASGN by 18.1% during the first quarter. Argent Capital Management LLC now owns 8,773 shares of the business services provider's stock worth $1,024,000 after purchasing an additional 1,342 shares in the last quarter. SG Americas Securities LLC increased its position in shares of ASGN by 26.8% during the second quarter. SG Americas Securities LLC now owns 18,234 shares of the business services provider's stock worth $1,646,000 after purchasing an additional 3,849 shares in the last quarter. Captrust Financial Advisors increased its position in shares of ASGN by 16.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,974 shares of the business services provider's stock valued at $178,000 after acquiring an additional 273 shares during the period. Paragon Wealth Strategies LLC acquired a new position in shares of ASGN in the 3rd quarter valued at $27,000. Finally, Eagle Bay Advisors LLC increased its position in shares of ASGN by 55.0% in the 2nd quarter. Eagle Bay Advisors LLC now owns 922 shares of the business services provider's stock valued at $83,000 after acquiring an additional 327 shares during the period. 94.75% of the stock is owned by institutional investors and hedge funds.

ASGN Company Profile

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ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and mid-market clients.

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