Insider Selling: On Assignment, Inc. (ASGN) Insider Sells 20,000 Shares of Stock
On Assignment, Inc. (NASDAQ:ASGN) insider Randolph C. Blazer sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $40.25, for a total transaction of $805,000.00. Following the completion of the sale, the insider now owns 64,396 shares of the company’s stock, valued at approximately $2,591,939. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of On Assignment, Inc. (NASDAQ:ASGN) traded up 0.30% during mid-day trading on Wednesday, hitting $40.62. 203,510 shares of the company traded hands. The firm has a market cap of $2.15 billion and a price-to-earnings ratio of 23.58. On Assignment, Inc. has a 52-week low of $29.34 and a 52-week high of $48.34. The firm has a 50-day moving average price of $36.42 and a 200 day moving average price of $36.93.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.10. The company had revenue of $629.40 million for the quarter, compared to analyst estimates of $624.53 million. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. Equities research analysts anticipate that On Assignment, Inc. will post $2.71 EPS for the current fiscal year.
Several analysts recently commented on the stock. Deutsche Bank AG set a $44.00 price objective on shares of On Assignment and gave the company a “buy” rating in a research note on Tuesday, October 18th. Zacks Investment Research cut shares of On Assignment from a “hold” rating to a “sell” rating in a research note on Monday, October 31st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $45.00 price objective on shares of On Assignment in a research note on Wednesday, September 7th.
A number of large investors have recently bought and sold shares of ASGN. Quantbot Technologies LP bought a new stake in On Assignment during the third quarter valued at $116,000. Tower Research Capital LLC TRC increased its stake in On Assignment by 751.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,748 shares of the company’s stock valued at $138,000 after buying an additional 3,308 shares during the last quarter. Victory Capital Management Inc. increased its stake in On Assignment by 40.0% in the second quarter. Victory Capital Management Inc. now owns 3,868 shares of the company’s stock valued at $143,000 after buying an additional 1,105 shares during the last quarter. BlackRock Inc. increased its stake in On Assignment by 26.7% in the third quarter. BlackRock Inc. now owns 4,426 shares of the company’s stock valued at $161,000 after buying an additional 933 shares during the last quarter. Finally, US Bancorp DE increased its stake in On Assignment by 9.6% in the third quarter. US Bancorp DE now owns 4,484 shares of the company’s stock valued at $163,000 after buying an additional 392 shares during 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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