On Assignment, Inc. (ASGN) Insider Sells $1,127,165.15 in Stock

On Assignment, Inc. (NYSE:ASGN) insider Theodore S. Hanson sold 18,313 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $61.55, for a total transaction of $1,127,165.15. Following the transaction, the insider now owns 253,639 shares in the company, valued at $15,611,480.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of On Assignment, Inc. (ASGN) opened at $62.58 on Friday. On Assignment, Inc. has a 52-week low of $40.52 and a 52-week high of $63.00. The firm has a market cap of $3,198.92, a P/E ratio of 21.50, a PEG ratio of 2.07 and a beta of 2.12. 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 announced its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The firm had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. research analysts expect that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in shares of On Assignment in the 3rd quarter worth approximately $280,000. Cubist Systematic Strategies LLC purchased a new stake in On Assignment during the third quarter valued at approximately $419,000. Insight Capital Research & Management Inc. purchased a new stake in On Assignment during the third quarter valued at approximately $953,000. Pinebridge Investments L.P. lifted its position in On Assignment by 12.5% during 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 acquiring an additional 2,879 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in On Assignment by 3.7% during 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 acquiring an additional 3,374 shares during the last quarter. 89.24% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. BidaskClub downgraded shares of On Assignment from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Robert W. Baird reissued a “hold” rating and issued a $53.00 price objective on shares of On Assignment in a research report on Friday, October 6th. Zacks Investment Research raised shares of On Assignment from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Royal Bank Of Canada reissued a “buy” rating on shares of On Assignment in a research report on Friday, October 20th. Finally, Deutsche Bank AG boosted their price objective on shares of On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Two research 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. On Assignment has a consensus rating of “Buy” and a consensus price target of $60.17.

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.

Insider Buying and Selling by Quarter for On Assignment (NYSE:ASGN)

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