On Assignment, Inc. (NYSE:ASGN) insider Theodore S. Hanson sold 11,325 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $61.72, for a total value of $698,979.00. Following the transaction, the insider now owns 253,639 shares of the company’s stock, valued at approximately $15,654,599.08. The transaction was disclosed in a document filed with the SEC, which is available through this link.
On Assignment, Inc. (NYSE:ASGN) traded up $0.82 on Friday, reaching $62.58. The company’s stock had a trading volume of 239,649 shares, compared to its average volume of 280,250. The stock has a market cap of $3,198.92, a P/E ratio of 21.50, a P/E/G ratio of 2.07 and a beta of 2.12. On Assignment, Inc. has a one year low of $40.52 and a one year high of $63.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 2.57.
On Assignment (NYSE:ASGN) last released its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. The company had revenue of $667.05 million for the quarter, compared to the consensus estimate of $660.90 million. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. On Assignment’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. equities analysts anticipate that On Assignment, Inc. will post 2.97 EPS for the current year.
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A number of equities research analysts recently issued reports on the company. Robert W. Baird reissued a “hold” rating and set a $59.00 price target on shares of On Assignment in a research note on Friday, October 27th. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. BMO Capital Markets raised their price target on On Assignment from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. BidaskClub raised On Assignment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Finally, Royal Bank Of Canada raised their price target on On Assignment from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $60.17.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASGN. Pinebridge Investments L.P. increased its holdings in On Assignment by 12.5% during the 3rd quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock worth $1,393,000 after purchasing an additional 2,879 shares during the period. Stifel Financial Corp increased its holdings in On Assignment by 6.2% during the 3rd quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock worth $15,451,000 after purchasing an additional 16,813 shares during the period. Cubist Systematic Strategies LLC purchased a new position in On Assignment during the 3rd quarter worth $419,000. Bamco Inc. NY increased its holdings in On Assignment by 5.5% during the 3rd quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock worth $102,534,000 after purchasing an additional 100,000 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in On Assignment during the 3rd quarter worth $280,000. Institutional investors own 89.24% of the company’s stock.
On Assignment Company Profile
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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