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.
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.
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