On Assignment, Inc. (ASGN) PT Set at $44.00 by Deutsche Bank AG
On Assignment, Inc. (NASDAQ:ASGN) received a $44.00 price target from equities research analysts at Deutsche Bank AG in a research report issued on Tuesday. The firm currently has a a “buy” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 20.38% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $45.00 price target on shares of On Assignment in a research note on Wednesday, September 7th. Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, June 22nd.
On Assignment (NASDAQ:ASGN) traded up 0.52% on Tuesday, reaching $36.74. 127,518 shares of the company were exchanged. The firm has a market capitalization of $1.96 billion and a PE ratio of 22.39. On Assignment has a 12-month low of $29.34 and a 12-month high of $51.00. The stock has a 50 day moving average of $36.96 and a 200 day moving average of $36.95.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. The firm had revenue of $608.10 million for the quarter, compared to analyst estimates of $600.12 million. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Equities analysts anticipate that On Assignment will post $3.11 EPS for the current year.
In other news, COO Michael Mcgowan sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total value of $148,680.00. Following the sale, the chief operating officer now owns 213,106 shares of the company’s stock, valued at $7,921,150.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Peter T. Dameris sold 23,537 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $36.88, for a total transaction of $868,044.56. Following the completion of the sale, the chief executive officer now directly owns 319,422 shares in the company, valued at approximately $11,780,283.36. The disclosure for this sale can be found here.
Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of On Assignment by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,816,642 shares of the company’s stock worth $141,025,000 after buying an additional 121,284 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of On Assignment by 2.1% in the second quarter. BlackRock Fund Advisors now owns 3,108,554 shares of the company’s stock worth $114,861,000 after buying an additional 63,033 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in shares of On Assignment by 7.6% in the second quarter. TimesSquare Capital Management LLC now owns 2,720,946 shares of the company’s stock worth $100,539,000 after buying an additional 191,060 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of On Assignment by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,957,808 shares of the company’s stock worth $72,339,000 after buying an additional 42,667 shares in the last quarter. Finally, Chartwell Investment Partners LLC raised its stake in shares of On Assignment by 0.8% in the second quarter. Chartwell Investment Partners LLC now owns 1,491,234 shares of the company’s stock worth $55,101,000 after buying an additional 11,965 shares in the last quarter.
About On Assignment
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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