On Assignment, Inc. (NASDAQ:ASGN) – Investment analysts at SunTrust Banks dropped their Q4 2017 EPS estimates for shares of On Assignment in a report released on Thursday, according to Zacks Investment Research. SunTrust Banks analyst T. Sommer now forecasts that the company will post earnings of $0.74 per share for the quarter, down from their prior estimate of $0.78. SunTrust Banks also issued estimates for On Assignment’s Q1 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.92 EPS and FY2018 earnings at $3.32 EPS.
A number of other equities research analysts have also issued reports on the stock. BMO Capital Markets lifted 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 lowered shares of On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird reaffirmed a “hold” rating and issued a $59.00 price objective on shares of On Assignment in a research note on Friday, October 27th. Deutsche Bank AG lifted their price objective on shares of On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Royal Bank of Canada lifted their price objective on shares of On Assignment from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $60.17.
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On Assignment (NASDAQ:ASGN) opened at $61.22 on Friday. On Assignment has a 12-month low of $37.00 and a 12-month high of $61.89.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. The business had revenue of $667.05 million for the quarter, compared to analyst estimates of $660.90 million. During the same quarter last year, the business earned $0.74 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis.
In other news, insider Jeffrey E. Veatch sold 74,894 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $22,212,785.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edwin A. Sheridan sold 16,500 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $61.11, for a total transaction of $1,008,315.00. Following the completion of the transaction, the director now owns 1,191,332 shares in the company, valued at $72,802,298.52. The disclosure for this sale can be found here. In the last three months, insiders sold 373,743 shares of company stock worth $21,804,707.
Hedge funds have recently modified their holdings of the company. FNY Partners Fund LP increased its position in shares of On Assignment by 266.2% during the first quarter. FNY Partners Fund LP now owns 2,197 shares of the company’s stock worth $106,000 after acquiring an additional 1,597 shares in the last quarter. First Quadrant L P CA bought a new stake in shares of On Assignment during the second quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of On Assignment by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,242 shares of the company’s stock worth $121,000 after acquiring an additional 202 shares in the last quarter. Pitcairn Co. bought a new stake in shares of On Assignment during the second quarter worth $211,000. Finally, Victory Capital Management Inc. boosted its holdings in On Assignment by 15.1% during the first quarter. Victory Capital Management Inc. now owns 4,425 shares of the company’s stock worth $215,000 after purchasing an additional 580 shares during 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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