On Assignment, Inc. (NYSE:ASGN) Director Brian J. Callaghan sold 20,250 shares of On Assignment stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $64.00, for a total value of $1,296,000.00. Following the completion of the transaction, the director now owns 392,930 shares in the company, valued at approximately $25,147,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of On Assignment, Inc. (NYSE:ASGN) traded down $1.06 during trading on Friday, reaching $62.90. The company had a trading volume of 357,129 shares, compared to its average volume of 201,665. On Assignment, Inc. has a 52-week low of $40.64 and a 52-week high of $65.34. The firm has a market capitalization of $3,326.87, a PE ratio of 22.36, a P/E/G ratio of 2.15 and a beta of 2.12. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.
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, beating the consensus estimate of $0.75 by $0.08. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. The company had revenue of $667.05 million for the quarter, compared to analyst estimates of $660.90 million. During the same period last year, the company posted $0.74 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. analysts predict that On Assignment, Inc. will post 2.97 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. raised its position in On Assignment by 12.5% in the third quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock valued at $1,393,000 after purchasing an additional 2,879 shares during the period. California Public Employees Retirement System raised its position in On Assignment by 3.7% in the third quarter. California Public Employees Retirement System now owns 95,774 shares of the business services provider’s stock valued at $5,141,000 after purchasing an additional 3,374 shares during the period. Janney Montgomery Scott LLC purchased a new position in On Assignment in the third quarter valued at about $280,000. Cubist Systematic Strategies LLC purchased a new position in On Assignment in the third quarter valued at about $419,000. Finally, Stifel Financial Corp raised its position in On Assignment by 6.2% in the third quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock valued at $15,451,000 after purchasing an additional 16,813 shares during the period. 90.27% of the stock is currently owned by institutional investors.
ASGN has been the topic of a number of research analyst reports. BidaskClub cut On Assignment from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Robert W. Baird reiterated a “hold” rating and issued a $53.00 target price on shares of On Assignment in a report on Sunday, September 3rd. Zacks Investment Research upgraded On Assignment from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Royal Bank Of Canada reiterated a “buy” rating and issued a $55.00 target price on shares of On Assignment in a report on Friday, October 13th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $61.00 target price on shares of On Assignment in a report on Sunday, October 15th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $60.17.
About On Assignment
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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