On Assignment, Inc. (NYSE:ASGN) Director Brian J. Callaghan sold 20,250 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $64.00, for a total transaction of $1,296,000.00. Following the completion of the transaction, the director now directly owns 392,930 shares in the company, valued at $25,147,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
On Assignment, Inc. (ASGN) traded down $1.06 on Friday, hitting $62.90. 357,129 shares of the company were exchanged, compared to its average volume of 201,665. 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, Inc. has a one year low of $40.64 and a one year high of $65.34. The company has a market capitalization of $3,326.87, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.15 and a beta of 2.12.
On Assignment (NYSE:ASGN) last released its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The company had revenue of $667.05 million for the quarter, compared to analyst estimates of $660.90 million. During the same period last year, the firm earned $0.74 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. analysts predict that On Assignment, Inc. will post 2.97 earnings per share for the current year.
A number of research analysts have weighed in on ASGN shares. BidaskClub lowered shares of On Assignment from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Robert W. Baird reaffirmed a “hold” rating and issued a $53.00 price objective on shares of On Assignment in a research note on Sunday, September 3rd. Zacks Investment Research raised shares of On Assignment from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $55.00 price objective on shares of On Assignment in a research note on Friday, October 13th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $61.00 price objective on shares of On Assignment in a research note on Sunday, October 15th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. On Assignment presently has a consensus rating of “Buy” and an average price target of $60.17.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bamco Inc. NY raised its position in On Assignment by 5.5% in the third quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock worth $102,534,000 after acquiring an additional 100,000 shares during the period. Insight Capital Research & Management Inc. purchased a new position in shares of On Assignment in the third quarter worth about $953,000. Stifel Financial Corp increased its stake in shares of On Assignment by 6.2% in the third quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock worth $15,451,000 after purchasing an additional 16,813 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of On Assignment in the third quarter worth about $419,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of On Assignment in the third quarter worth about $280,000. 90.27% of the stock is currently owned by institutional investors.
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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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