William Blair restated their outperform rating on shares of On Assignment (NYSE:ASGN) in a research report sent to investors on Thursday. William Blair also issued estimates for On Assignment’s Q2 2018 earnings at $1.07 EPS, Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $4.05 EPS, Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $1.17 EPS, Q3 2019 earnings at $1.20 EPS, Q4 2019 earnings at $1.22 EPS and FY2019 earnings at $4.53 EPS.
ASGN has been the subject of a number of other research reports. Wells Fargo & Co upped their target price on On Assignment from $75.00 to $85.00 and gave the stock an outperform rating in a report on Thursday, February 1st. ValuEngine upgraded On Assignment from a hold rating to a buy rating in a report on Friday, February 2nd. Royal Bank of Canada restated a buy rating on shares of On Assignment in a report on Friday, October 20th. Deutsche Bank upped their target price on On Assignment from $57.00 to $60.00 and gave the stock a buy rating in a report on Thursday, October 26th. Finally, Zacks Investment Research lowered On Assignment from a buy rating to a hold rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $76.43.
Shares of On Assignment (NYSE ASGN) opened at $75.45 on Thursday. The company has a current ratio of 3.00, a quick ratio of 2.57 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3,924.53, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 2.03 and a beta of 2.11. On Assignment has a twelve month low of $44.66 and a twelve month high of $77.68.
On Assignment (NYSE:ASGN) last posted its earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.68. The company had revenue of $679.04 million during the quarter, compared to analyst estimates of $671.35 million. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. On Assignment’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. equities analysts forecast that On Assignment will post 3.76 EPS for the current year.
In other news, SVP Jennifer Hankes Painter sold 3,500 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $63.06, for a total transaction of $220,710.00. Following the completion of the sale, the senior vice president now owns 10,667 shares in the company, valued at approximately $672,661.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction on Tuesday, November 28th. The shares were 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 approximately $25,147,520. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,915 shares of company stock valued at $1,528,095. Company insiders own 5.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of On Assignment by 0.5% during the 4th quarter. BlackRock Inc. now owns 6,098,116 shares of the business services provider’s stock valued at $391,925,000 after purchasing an additional 30,089 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of On Assignment by 5.5% during the 3rd quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock valued at $102,534,000 after purchasing an additional 100,000 shares during the last quarter. Boston Partners lifted its holdings in shares of On Assignment by 9.8% during the 4th quarter. Boston Partners now owns 923,765 shares of the business services provider’s stock valued at $59,370,000 after purchasing an additional 82,069 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of On Assignment by 0.6% during the 4th quarter. Peregrine Capital Management LLC now owns 676,675 shares of the business services provider’s stock valued at $43,490,000 after purchasing an additional 4,339 shares during the last quarter. Finally, KAMES CAPITAL plc lifted its holdings in shares of On Assignment by 57.2% during the 4th quarter. KAMES CAPITAL plc now owns 610,094 shares of the business services provider’s stock valued at $39,205,000 after purchasing an additional 222,039 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.
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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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