Insider Selling: On Assignment, Inc. (ASGN) Director Sells $1,024,038.40 in Stock
On Assignment, Inc. (NYSE:ASGN) Director Edwin A. Sheridan sold 16,624 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $61.60, for a total value of $1,024,038.40. Following the completion of the sale, the director now directly owns 1,098,208 shares of the company’s stock, valued at $67,649,612.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of On Assignment, Inc. (NYSE:ASGN) opened at $62.58 on Friday. 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 stock has a market capitalization of $3,198.92, a PE ratio of 21.50, a P/E/G ratio of 2.07 and a beta of 2.12. On Assignment, Inc. has a 52-week low of $40.52 and a 52-week high of $63.00.
On Assignment (NYSE:ASGN) last announced its earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, beating 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 company had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. During the same period last year, the business posted $0.74 EPS. On Assignment’s revenue for the quarter was up 6.0% on a year-over-year basis. analysts predict that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal year.
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A number of analysts have issued reports on the company. BMO Capital Markets raised their target price on On Assignment from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Zacks Investment Research downgraded On Assignment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird reissued a “hold” rating and set a $59.00 price objective on shares of On Assignment in a research report on Friday, October 27th. Royal Bank Of Canada raised their price objective on On Assignment from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Finally, Deutsche Bank AG raised their price objective on On Assignment from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $60.17.
Institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC purchased a new position in On Assignment during the 3rd quarter valued at about $280,000. Cubist Systematic Strategies LLC purchased a new position in On Assignment during the 3rd quarter valued at about $419,000. Insight Capital Research & Management Inc. purchased a new position in On Assignment during the 3rd quarter valued at about $953,000. Pinebridge Investments L.P. boosted its holdings in On Assignment by 12.5% during 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 acquiring an additional 2,879 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in On Assignment by 3.7% during 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 acquiring an additional 3,374 shares during the period. Institutional investors own 89.24% of the company’s stock.
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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