On Assignment, Inc. (NASDAQ:ASGN) insider Jeffrey E. Veatch sold 2,322 shares of On Assignment stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $57.02, for a total value of $132,400.44. Following the transaction, the insider now owns 364,202 shares of the company’s stock, valued at $20,766,798.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of On Assignment, Inc. (NASDAQ:ASGN) opened at $61.22 on Friday. On Assignment, Inc. has a 12-month low of $37.00 and a 12-month high of $61.89.
On Assignment (NASDAQ:ASGN) last posted its earnings results on Wednesday, October 25th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. The business had revenue of $667.05 million for the quarter, compared to analyst estimates of $660.90 million. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. On Assignment’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS.
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A number of hedge funds have recently made changes to their positions in ASGN. UBS Asset Management Americas Inc. increased its position in On Assignment by 39.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 30,294 shares of the company’s stock valued at $1,470,000 after acquiring an additional 8,623 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in On Assignment by 3.6% during the first quarter. JPMorgan Chase & Co. now owns 176,413 shares of the company’s stock valued at $8,562,000 after purchasing an additional 6,058 shares during the period. Victory Capital Management Inc. lifted its stake in On Assignment by 15.1% in the first quarter. Victory Capital Management Inc. now owns 4,425 shares of the company’s stock valued at $215,000 after buying an additional 580 shares in the last quarter. FMR LLC lifted its stake in On Assignment by 0.5% in the first quarter. FMR LLC now owns 387,510 shares of the company’s stock valued at $18,806,000 after buying an additional 1,900 shares in the last quarter. Finally, Teachers Advisors LLC lifted its stake in On Assignment by 8.6% in the first quarter. Teachers Advisors LLC now owns 362,218 shares of the company’s stock valued at $17,578,000 after buying an additional 28,799 shares in the last quarter.
A number of brokerages have recently issued reports on ASGN. BMO Capital Markets upped their target price on shares of On Assignment from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday. Zacks Investment Research cut shares of On Assignment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird restated a “hold” rating and issued a $59.00 target price on shares of On Assignment in a research report on Friday, October 27th. Deutsche Bank AG increased their price objective on shares of On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Royal Bank of Canada increased their price objective on shares of On Assignment from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.17.
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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