On Assignment, Inc. (NYSE:ASGN) – Research analysts at SunTrust Banks issued their FY2019 EPS estimates for On Assignment in a report released on Wednesday. SunTrust Banks analyst T. Sommer expects that the business services provider will post earnings of $3.48 per share for the year. SunTrust Banks has a “Buy” rating and a $88.00 price objective on the stock.

ASGN has been the subject of a number of other research reports. BMO Capital Markets boosted their price target on On Assignment from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and set a $55.00 price target on shares of On Assignment in a research report on Friday, October 13th. ValuEngine upgraded On Assignment from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Friday, October 27th. Finally, Robert W. Baird reissued a “hold” rating and issued a $53.00 price objective on shares of On Assignment in a report on Friday, October 6th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. On Assignment has an average rating of “Buy” and a consensus target price of $72.86.

On Assignment (ASGN) traded down $0.86 during mid-day trading on Thursday, reaching $75.25. The company’s stock had a trading volume of 514,649 shares, compared to its average volume of 274,316. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3,958.85, a price-to-earnings ratio of 35.00, a P/E/G ratio of 2.23 and a beta of 2.11. On Assignment has a 52 week low of $43.83 and a 52 week high of $77.68.

In other On Assignment news, Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $64.00, for a total transaction of $1,296,000.00. Following the completion of the transaction, the director now directly owns 392,930 shares of the company’s stock, valued at approximately $25,147,520. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Edward L. Pierce sold 1,054 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $61.15, for a total value of $64,452.10. Following the transaction, the chief financial officer now directly owns 77,087 shares of the company’s stock, valued at $4,713,870.05. The disclosure for this sale can be found here. Insiders sold a total of 220,007 shares of company stock valued at $13,527,582 over the last three months. Corporate insiders own 5.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bamco Inc. NY boosted its stake in On Assignment by 5.5% during the 3rd quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock valued at $102,534,000 after purchasing an additional 100,000 shares in the last quarter. Boston Partners grew its position in shares of On Assignment by 9.8% in the 4th quarter. Boston Partners now owns 923,765 shares of the business services provider’s stock worth $59,370,000 after buying an additional 82,069 shares during the period. Peregrine Capital Management LLC grew its position in shares of On Assignment by 0.6% in the 4th quarter. Peregrine Capital Management LLC now owns 676,675 shares of the business services provider’s stock worth $43,490,000 after buying an additional 4,339 shares during the period. KAMES CAPITAL plc grew its position in shares of On Assignment by 57.2% in the 4th quarter. KAMES CAPITAL plc now owns 610,094 shares of the business services provider’s stock worth $39,205,000 after buying an additional 222,039 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in shares of On Assignment in the 4th quarter worth about $31,994,000. 91.80% of the stock is owned by hedge funds and other institutional investors.

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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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