On Assignment, Inc. (NYSE:ASGN) Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $64.00, for a total value of $1,296,000.00. Following the sale, the director now owns 392,930 shares of the company’s stock, valued at $25,147,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of On Assignment, Inc. (ASGN) traded up $1.59 during mid-day trading on Monday, hitting $63.83. 411,300 shares of the stock traded hands, compared to its average volume of 277,465. On Assignment, Inc. has a one year low of $42.86 and a one year high of $65.34. The firm has a market cap of $3,320.11, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.15 and a beta of 2.12. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.
On Assignment (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The firm 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 firm posted $0.74 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. sell-side analysts predict that On Assignment, Inc. will post 2.97 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in ASGN. Janney Montgomery Scott LLC purchased a new stake in shares of On Assignment in the 3rd quarter valued at $280,000. Cubist Systematic Strategies LLC purchased a new stake in shares of On Assignment in the 3rd quarter valued at $419,000. Insight Capital Research & Management Inc. purchased a new stake in shares of On Assignment in the 3rd quarter valued at $953,000. Pinebridge Investments L.P. boosted its stake in shares of On Assignment by 12.5% in the 3rd quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock valued at $1,393,000 after purchasing an additional 2,879 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in On Assignment by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 95,774 shares of the business services provider’s stock valued at $5,141,000 after buying an additional 3,374 shares during the last quarter. 90.27% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the company. SunTrust Banks reaffirmed a “buy” rating on shares of On Assignment in a report on Friday. Zacks Investment Research downgraded On Assignment from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. 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, November 10th. Robert W. Baird reiterated a “hold” rating and issued a $59.00 target price on shares of On Assignment in a research note on Friday, October 27th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of On Assignment in a research report on Friday, October 20th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. On Assignment currently has an average rating of “Buy” and an average price target of $62.60.
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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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