“The number of short positions held in ASGN Incorporated dropped significantly throughout August (NYSE: ASGN). There were 1,430,000 shares available for a short sale as of the 31st of August. This is a decline of 10.1% from the 1,590,000 shares offered for a short sale the previous day. About three percent of the total number of shares issued and outstanding belong to short positions in the corporation. The current short-interest ratio is 5.7 days, which is derived from the fact that the stock market trades an average of 252,100 shares daily.
On July 27th, Assign (NYSE: ASGN) disclosed the most recent installment of its quarterly earnings. The company announced earnings per share for the quarter of $1.71, which is $0.04 greater than the average estimated $1.67 from market experts. The market experts’ estimates were based on the previous quarter. The sales for the company during the quarter came in at $1.14 billion, a considerable increase over the $1.13 billion that analysts had projected the company would bring in. The return on equity for ASGN was 18.14%, and the net margin for the company was 10.01%. The company’s quarterly sales climbed by 17.1% when measured against the results achieved during the same quarter in the preceding year. In the prior year, the company reported earnings of $1.32 per share during the same period.
According to projections made by financial industry professionals, each ASGN share will bring in a profit of $6.69 during the current fiscal year. On Monday, the opening price of a share on the NYSE ASGN was $92.02 per share. The company has a price-to-earnings ratio of 11.13, a price-to-earnings-to-growth ratio of 1.01, and its beta value is presently at 1.83. The market capitalization of the company is currently at $4.70 billion at this time. A ratio of 0.56 debt to equity, 2.77 quick assets to current, and 2.77 quick assets. The ratio of current assets to fast assets is the same as that of quick assets to current assets. The company’s simple moving average over the past 50 days is $98.55, and the simple moving average over the past 200 days is $101.96, respectively. During the last twelve months, the price of ASGN ranged from a low of $78.25 to a high of $131.89. There has either been an increase in the proportion of the company that is owned by institutional investors or a decrease in the proportion.
The holdings of Argent Capital Management LLC increased by 18.1% during the first three months of 2018, thanks to the addition of more shares of ASGN. In the most recent quarter, Argent Capital Management LLC boosted its holdings in the business services provider by purchasing an additional 1,342 shares. This brought the total number of shares it owns to 8,773, with a value of $1,024,000. Over the first three months of the year, Russell Investments Group Ltd. boosted the percentage of ASGN shares it held by 9.9%. After the most recent acquisition of 1,697 additional shares during the most recent quarter, Russell Investments Group Ltd. now has 18,840 shares of the business services provider’s stock, valued at $2,196,000. This brings the total number of shares the company owns to 2,196,000. During the second quarter, Captrust Financial Advisors achieved a 16.0% gain in the proportion of ASGN shares that it owned.
The value of Captrust Financial Advisors’ entire acquisition of 1,974 shares was $178,000.00. During the most recent quarter, they boosted their holdings in the firm by purchasing an additional 273 shares, bringing the total number of shares they had acquired to 1,974. During the second quarter, Eagle Bay Advisors LLC achieved a 55.0% rise in the proportion of ASGN shares that it owned. Eagle Bay Advisors LLC, a business services provider, now has total ownership of 922 shares worth $83,000, thanks to the purchase of an additional 327 shares during the prior quarter. Eagle Bay Advisors LLC is the owner of these shares. SG Americas Securities LLC did not want to be outdone, so during the second quarter, they increased their holdings in ASGN by 26.8 percent. SG Americas Securities LLC now has 18,234 shares of the business services provider’s stock, which are currently valued at $1,646,000 after purchasing an additional 3,849 shares during the most recent quarter. SG Americas Securities LLC’s stock holdings have increased by $1,646,000 since the beginning of this most recent quarter. Institutional investors own 94.75% of the company’s stock. Individuals control the remaining 5%.
In recent press releases, various research analysts were asked about their thoughts on ASGN stock and provided their responses. In a research note published on the 25th of May, Credit Suisse Group lowered their price objective for ASGN from $110.00 to $90.00 and downgraded the stock from “neutral” to “underperform.” In a research report published on Friday, May 27th, Jefferies Financial Group said they would reduce their price objective on ASGN from $125.00 to $101.00. The company declared the new price objective. TheStreet decreased their grade for ASGN from a “b” to a “c+” in a research study published on the 9th of June. StockNews.com changed its recommendation for ASGN from “hold” to “buy” in a report released on September 2nd, meaning that the firm now suggests purchasing the company.
Previously, the recommendation for ASGN was “hold.” In a research report distributed on Tuesday, June 14th, Truist Financial recommended a “buy” rating for the stock. At the same time, the firm lowered its price objective on ASGN from $150.00 to $110.00. In addition, the company has not changed its rating on the stock from “buy” to “hold.” Two research analysts advised investors to buy the stock, three advised them to keep their current holdings, and the remaining analyst advised investors to sell the stock. According to Bloomberg.com, the consensus recommendation for the stock is “Hold,” and market experts anticipate that the stock will reach a price of $105.60 shortly.
ASGN Incorporated provides information technology services and professional solutions in technology, digital media, and creative expression to support the commercial and governmental sectors in the United States. At the national level, it performs duties related to commerce as well as those related to the government. ” The Commercial Segment primarily provides its services to companies that are included on the Fortune 1000 list as well as those that are in the mid-market. These services include consulting, creative digital marketing, and permanent placement.