ASGN sinks 50.7% as profit outlook resets after Q1 margin compression and weak Q2 guidance

ASGN Incorporated (ASGN) is down 50.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a sharp reset in investor expectations after ASGN’s first-quarter 2026 update showed meaningful profitability pressure and a weaker near-term earnings outlook. The company pointed to lower-than-expected contribution from higher-margin solutions and elevated costs tied to acquisition/integration and strategic initiatives, which appear to have weighed on margins and guidance.

Details:

ASGN posted Q1 2026 revenue of $968.3 million but a much lower net income of $5.5 million, alongside an adjusted EBITDA margin of 8.6%, down versus the prior-year period.

The company cited margin pressure in its Commercial Segment from business mix (lower contribution from higher-margin solutions) and also referenced foreign exchange impacts related to its delivery center in Mexico.

ASGN’s Q2 2026 outlook implied continued margin and earnings pressure, with net income guidance of $8.0 million to $13.7 million and adjusted EBITDA margin guidance of 8.8% to 9.5%.

This move could also be amplified by technical positioning ahead of the planned corporate name and ticker change to Everforth, with ASGN expected to begin trading under “EFOR” on April 24, 2026.

Sources:

SEC, ASGN Investor Relations, Morningstar

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ASGN Hedge Fund Activity

We have seen 134 institutional investors add shares of $ASGN stock to their portfolio, and 165 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MACQUARIE GROUP LTD removed 1,383,480 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $66,642,231
FMR LLC removed 1,163,977 shares (-65.0%) from their portfolio in Q4 2025, for an estimated $56,068,772
INVESCO LTD. added 682,171 shares (+71.4%) to their portfolio in Q4 2025, for an estimated $32,860,177
JANE STREET GROUP, LLC removed 605,630 shares (-95.6%) from their portfolio in Q4 2025, for an estimated $29,173,197
NORGES BANK removed 523,679 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $25,225,617
REINHART PARTNERS, LLC. added 444,015 shares (+36.8%) to their portfolio in Q1 2026, for an estimated $17,187,820
D. E. SHAW & CO., INC. added 399,445 shares (+77.1%) to their portfolio in Q4 2025, for an estimated $19,241,265

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$ASGN Government Contracts

We have seen $457,450,351 of award payments to $ASGN over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

CONTINUOUS DIAGNOSTICS AND MITIGATION CDM DATA SERVICES: $83,360,994
PROFESSIONAL SUPPORT SERVICES: $37,493,901
AESS 2.0 - ENDPOINT PROTECTION: $35,255,411
CONTRACT TO RESEARCH, DEVELOP, MODIFY, DEPLOY, OPERATE, AND MAINTAIN ARTIFICIAL INTELLIGENCE/MACHINE LEARNI...: $26,171,340
TO PROCURE ENTERPRISE PLATFORMS MANAGEMENT SUPPORT (EPMS): $23,846,182

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$ASGN Analyst Ratings

Wall Street analysts have issued reports on $ASGN in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Truist Securities issued a "Buy" rating on 11/21/2025

To track analyst ratings and price targets for $ASGN, check out Quiver Quantitative's $ASGN forecast page.

$ASGN Price Targets

Multiple analysts have issued price targets for $ASGN recently. We have seen 5 analysts offer price targets for $ASGN in the last 6 months, with a median target of $33.0.

Here are some recent targets:

Tobey Sommer from Truist Securities set a target price of $33.0 on 04/23/2026
Mark Marcon from Baird set a target price of $38.0 on 04/23/2026
Jeffrey Silber from BMO Capital set a target price of $33.0 on 04/23/2026
Jason Haas from Wells Fargo set a target price of $33.0 on 04/23/2026
Kevin Mcveigh from UBS set a target price of $35.0 on 04/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.