On Assignment, Inc. (NASDAQ:ASGN) had its price objective boosted by Royal Bank Of Canada from $59.00 to $61.00 in a research note published on Thursday. They currently have an outperform rating on the stock.
A number of other equities research analysts have also recently commented on ASGN. BMO Capital Markets restated a buy rating and issued a $61.00 price target on shares of On Assignment in a report on Sunday, October 15th. BidaskClub upgraded shares of On Assignment from a buy rating to a strong-buy rating in a report on Wednesday, September 27th. Zacks Investment Research cut shares of On Assignment from a hold rating to a sell rating in a report on Friday, July 28th. Finally, Robert W. Baird restated a hold rating and issued a $53.00 price target on shares of On Assignment in a report on Friday, October 6th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $59.50.
On Assignment (NASDAQ:ASGN) traded up 1.22% during midday trading on Thursday, reaching $60.34. 485,191 shares of the company traded hands. The company has a 50 day moving average of $53.70 and a 200-day moving average of $51.64. The stock has a market capitalization of $3.19 billion and a P/E ratio of 29.62. On Assignment has a 12-month low of $33.43 and a 12-month high of $60.44.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The business had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share. Equities analysts anticipate that On Assignment will post $2.96 EPS for the current fiscal year.
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In related news, insider Jeffrey E. Veatch sold 74,894 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $56.53, for a total transaction of $4,233,757.82. Following the transaction, the insider now directly owns 392,938 shares of the company’s stock, valued at $22,212,785.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey E. Veatch sold 129,066 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $58.61, for a total transaction of $7,564,558.26. Following the transaction, the insider now directly owns 364,202 shares in the company, valued at $21,345,879.22. The disclosure for this sale can be found here. Insiders have sold 256,282 shares of company stock worth $14,741,882 over the last three months.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ASGN. BlackRock Inc. lifted its position in shares of On Assignment by 137,720.1% during the first quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock valued at $286,464,000 after purchasing an additional 5,898,553 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of On Assignment by 124.0% during the second quarter. Principal Financial Group Inc. now owns 849,237 shares of the company’s stock valued at $45,986,000 after purchasing an additional 470,054 shares in the last quarter. Oak Ridge Investments LLC bought a new position in shares of On Assignment during the second quarter valued at about $23,633,000. Vanguard Group Inc. lifted its position in shares of On Assignment by 8.2% during the first quarter. Vanguard Group Inc. now owns 4,386,740 shares of the company’s stock valued at $212,888,000 after purchasing an additional 334,094 shares in the last quarter. Finally, Columbus Circle Investors lifted its position in shares of On Assignment by 94.8% during the second quarter. Columbus Circle Investors now owns 550,322 shares of the company’s stock valued at $29,800,000 after purchasing an additional 267,769 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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