Insider Selling: On Assignment, Inc. (ASGN) Insider Sells $698,979.00 in Stock
On Assignment, Inc. (NYSE:ASGN) insider Theodore S. Hanson sold 11,325 shares of On Assignment stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $61.72, for a total value of $698,979.00. Following the sale, the insider now directly owns 253,639 shares of the company’s stock, valued at $15,654,599.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
On Assignment, Inc. (NYSE:ASGN) opened at $62.58 on Friday. The firm has a market capitalization of $3,198.92, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 2.07 and a beta of 2.12. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. On Assignment, Inc. has a fifty-two week low of $40.52 and a fifty-two week high of $63.00.
On Assignment (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. The firm had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 EPS. equities research analysts anticipate that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new position in shares of On Assignment in the 3rd quarter valued at $280,000. Cubist Systematic Strategies LLC bought a new position in shares of On Assignment in the 3rd quarter valued at $419,000. Insight Capital Research & Management Inc. bought a new position in shares of On Assignment in the 3rd quarter valued at $953,000. Pinebridge Investments L.P. increased its stake 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 valued at $1,393,000 after purchasing an additional 2,879 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake 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 valued at $5,141,000 after purchasing an additional 3,374 shares during the last quarter. Institutional investors own 89.24% of the company’s stock.
Several research firms recently weighed in on ASGN. Robert W. Baird reissued a “hold” rating and set a $59.00 price target on shares of On Assignment in a report on Friday, October 27th. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. BMO Capital Markets lifted their price target on On Assignment from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. BidaskClub raised On Assignment from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Finally, Royal Bank Of Canada lifted their price target on On Assignment from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Two 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 company. The stock currently has a consensus rating of “Buy” and an average price target of $60.17.
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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