On Assignment, Inc. (NYSE:ASGN) SVP Jennifer Hankes Painter sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $63.06, for a total transaction of $220,710.00. Following the completion of the transaction, the senior vice president now owns 10,667 shares of the company’s stock, valued at approximately $672,661.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
On Assignment, Inc. (ASGN) opened at $62.24 on Friday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3,236.37, a PE ratio of 21.75, a P/E/G ratio of 2.10 and a beta of 2.12. On Assignment, Inc. has a fifty-two week low of $42.86 and a fifty-two week high of $65.34.
On Assignment (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. The business had revenue of $667.05 million for the quarter, compared to analysts’ expectations of $660.90 million. During the same period in the previous year, the business posted $0.74 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. analysts predict that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bamco Inc. NY increased its position in shares of On Assignment by 5.5% during the third quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock valued at $102,534,000 after buying an additional 100,000 shares during the period. Stifel Financial Corp grew its holdings in shares of On Assignment by 6.2% during 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. California Public Employees Retirement System grew its holdings in shares of 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 worth $5,141,000 after purchasing an additional 3,374 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in shares of 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 worth $1,393,000 after purchasing an additional 2,879 shares in the last quarter. Finally, Insight Capital Research & Management Inc. purchased a new position in shares of On Assignment during the third quarter worth about $953,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.
Several analysts have recently weighed in on ASGN shares. BidaskClub lowered shares of On Assignment from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Robert W. Baird reiterated 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 report on Friday, September 15th. Royal Bank Of Canada reissued a “buy” rating and issued a $55.00 price target on shares of On Assignment in a research report on Friday, October 13th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $61.00 price objective on shares of On Assignment in a report on Sunday, October 15th. Two 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.17.
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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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