On Assignment, Inc. (NASDAQ:ASGN) insider Jeffrey E. Veatch sold 1,520 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $56.01, for a total value of $85,135.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The business had revenue of $653.31 million during the quarter, compared to analysts’ expectations of $655.96 million. During the same quarter in the previous year, the firm earned $0.68 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year.
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ASGN has been the topic of several analyst reports. Robert W. Baird reiterated a “hold” rating and set 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 Thursday, September 21st. BidaskClub upgraded On Assignment from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. BMO Capital Markets lifted their price objective on On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $55.00 price objective on shares of On Assignment in a report on Friday. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.60.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in On Assignment by 137,720.1% in the 1st quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock valued at $286,464,000 after acquiring an additional 5,898,553 shares in the last quarter. Vanguard Group Inc. raised its holdings in On Assignment by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,430,849 shares of the company’s stock valued at $239,930,000 after acquiring an additional 44,109 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in On Assignment by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,240,588 shares of the company’s stock valued at $121,328,000 after acquiring an additional 10,945 shares in the last quarter. State Street Corp raised its holdings in On Assignment by 5.8% in the 2nd quarter. State Street Corp now owns 1,227,335 shares of the company’s stock valued at $66,468,000 after acquiring an additional 66,839 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in On Assignment by 1.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,161,955 shares of the company’s stock valued at $62,920,000 after acquiring an additional 22,047 shares in the last quarter.
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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