On Assignment, Inc. (NYSE:ASGN) SVP Jennifer Hankes Painter sold 3,500 shares of the business’s 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of On Assignment, Inc. (NYSE ASGN) opened at $62.44 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66. On Assignment, Inc. has a 12 month low of $42.63 and a 12 month high of $65.34. The firm has a market capitalization of $3,236.37, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.10 and a beta of 2.12.
On Assignment (NYSE:ASGN) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The company had revenue of $667.05 million for the quarter, compared to the consensus estimate of $660.90 million. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. On Assignment’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. equities research analysts forecast that On Assignment, Inc. will post 2.97 earnings per share for the current year.
ASGN has been the topic of several analyst reports. Robert W. Baird reiterated a “hold” rating and set a $53.00 price target on shares of On Assignment in a report on Friday, October 6th. Zacks Investment Research raised 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 on shares of On Assignment in a research report on Friday, October 20th. Deutsche Bank boosted their price objective on On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, BMO Capital Markets upped their price objective on On Assignment from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. 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’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.17.
Several hedge funds have recently modified their holdings of ASGN. Janney Montgomery Scott LLC acquired a new position in shares of On Assignment during the 3rd quarter valued at $280,000. Cubist Systematic Strategies LLC acquired a new position in shares of On Assignment in the 3rd quarter worth $419,000. Insight Capital Research & Management Inc. acquired a new position in shares of On Assignment in the 3rd quarter worth $953,000. Pinebridge Investments L.P. grew its holdings 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 worth $1,393,000 after acquiring an additional 2,879 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of On Assignment by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 95,774 shares of the business services provider’s stock worth $5,141,000 after acquiring an additional 3,374 shares during the last quarter. Institutional investors own 90.27% of the company’s stock.
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On Assignment Company Profile
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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