Insider Selling: On Assignment, Inc. (ASGN) Director Sells 9,100 Shares of Stock
On Assignment, Inc. (NYSE:ASGN) Director Edwin A. Sheridan sold 9,100 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $78.38, for a total transaction of $713,258.00. Following the completion of the transaction, the director now owns 1,686 shares in the company, valued at $132,148.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of On Assignment, Inc. (NYSE ASGN) traded up $1.40 during trading hours on Friday, reaching $78.38. 331,196 shares of the company’s stock traded hands, compared to its average volume of 320,402. On Assignment, Inc. has a 1 year low of $44.66 and a 1 year high of $79.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.00 and a quick ratio of 2.57. The company has a market capitalization of $4,016.50, a P/E ratio of 26.30, a PEG ratio of 2.05 and a beta of 2.03.
On Assignment (NYSE:ASGN) last issued its earnings results on Wednesday, February 14th. The business services provider reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.68. On Assignment had a net margin of 6.00% and a return on equity of 17.42%. The firm had revenue of $679.04 million during the quarter, compared to the consensus estimate of $671.35 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. equities analysts forecast that On Assignment, Inc. will post 3.76 earnings per share for the current year.
Several equities analysts recently weighed in on ASGN shares. SunTrust Banks restated a “buy” rating on shares of On Assignment in a report on Friday, December 8th. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Deutsche Bank increased their price objective on shares of On Assignment from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 10th. Finally, William Blair restated an “outperform” rating on shares of On Assignment in a report on Thursday, February 15th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. On Assignment currently has an average rating of “Buy” and an average price target of $76.43.
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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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