On Assignment, Inc. (NYSE:ASGN) CEO Peter T. Dameris sold 18,750 shares of On Assignment stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $82.44, for a total value of $1,545,750.00. Following the transaction, the chief executive officer now directly owns 151,621 shares in the company, valued at $12,499,635.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of On Assignment opened at $83.50 on Friday, according to Marketbeat.com. The stock has a market capitalization of $4.36 billion, a P/E ratio of 25.33, a P/E/G ratio of 2.03 and a beta of 1.91. On Assignment, Inc. has a 1-year low of $82.36 and a 1-year high of $82.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.02 and a current ratio of 3.02.
On Assignment (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.08. The firm had revenue of $685.20 million for the quarter, compared to analysts’ expectations of $677.66 million. On Assignment had a return on equity of 17.99% and a net margin of 6.12%. On Assignment’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. equities analysts forecast that On Assignment, Inc. will post 4.1 EPS for the current year.
ASGN has been the topic of a number of research analyst reports. SunTrust Banks lifted their target price on On Assignment to $88.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. BMO Capital Markets lifted their target price on On Assignment from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Wells Fargo lifted their target price on On Assignment from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, William Blair reaffirmed an “outperform” rating on shares of On Assignment in a report on Thursday, February 15th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $81.57.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. FDx Advisors Inc. increased its stake in On Assignment by 8.8% in the 4th quarter. FDx Advisors Inc. now owns 9,328 shares of the business services provider’s stock worth $600,000 after purchasing an additional 755 shares in the last quarter. AlphaOne Investment Services LLC increased its stake in On Assignment by 0.8% in the 4th quarter. AlphaOne Investment Services LLC now owns 99,436 shares of the business services provider’s stock worth $6,391,000 after purchasing an additional 773 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in On Assignment by 38.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock worth $199,000 after purchasing an additional 857 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in On Assignment by 4.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the business services provider’s stock worth $1,350,000 after purchasing an additional 900 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in On Assignment by 17.8% in the 4th quarter. Flinton Capital Management LLC now owns 6,528 shares of the business services provider’s stock worth $420,000 after purchasing an additional 986 shares in the last quarter. 93.28% of the stock is currently owned by hedge funds and other institutional investors.
About On Assignment
ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.
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