Theodore S. Hanson Sells 18,313 Shares of On Assignment, Inc. (ASGN) Stock
On Assignment, Inc. (NYSE:ASGN) insider Theodore S. Hanson sold 18,313 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $61.55, for a total value of $1,127,165.15. Following the sale, the insider now owns 253,639 shares of the company’s stock, valued at $15,611,480.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of On Assignment, Inc. (NYSE ASGN) traded up $0.82 on Friday, reaching $62.58. The company’s stock had a trading volume of 239,649 shares, compared to its average volume of 280,250. On Assignment, Inc. has a fifty-two week low of $40.52 and a fifty-two week high of $63.00. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3,198.92, a PE ratio of 21.50, a PEG ratio of 2.07 and a beta of 2.12.
On Assignment (NYSE:ASGN) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. The business had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts forecast that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal year.
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A number of research firms have recently commented on ASGN. BidaskClub cut On Assignment from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research cut On Assignment from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird reissued a “hold” rating and set a $53.00 price target on shares of On Assignment in a report on Sunday, September 3rd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $60.17.
A number of institutional investors and hedge funds have recently modified their holdings of ASGN. Pinebridge Investments L.P. increased its stake in shares of On Assignment by 12.5% in the third quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock valued at $1,393,000 after buying an additional 2,879 shares during the period. California Public Employees Retirement System increased its stake in shares of On Assignment by 3.7% in the third 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 period. Janney Montgomery Scott LLC acquired a new stake in shares of On Assignment in the third quarter valued at about $280,000. Cubist Systematic Strategies LLC acquired a new stake in shares of On Assignment in the third quarter valued at about $419,000. Finally, Stifel Financial Corp increased its stake in shares of On Assignment by 6.2% in the third quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock valued at $15,451,000 after buying an additional 16,813 shares during the period. 89.24% of the stock is owned by institutional investors and hedge funds.
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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