On Assignment, Inc. (ASGN) Director Edwin A. Sheridan Sells 40,200 Shares
On Assignment, Inc. (NYSE:ASGN) Director Edwin A. Sheridan sold 40,200 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $61.07, for a total transaction of $2,455,014.00. Following the transaction, the director now directly owns 1,131,032 shares of the company’s stock, valued at approximately $69,072,124.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
On Assignment, Inc. (NYSE:ASGN) traded up $0.18 during trading hours on Monday, reaching $61.22. 190,100 shares of the company traded hands, compared to its average volume of 281,507. On Assignment, Inc. has a 52-week low of $38.67 and a 52-week high of $61.89. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 2.57. The firm has a market capitalization of $3,184.35, a price-to-earnings ratio of 21.41, a PEG ratio of 2.06 and a beta of 2.12.
On Assignment (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The firm had revenue of $667.05 million during the quarter, compared to analyst estimates of $660.90 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. equities research analysts expect that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal year.
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A number of research analysts have recently commented on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $59.00 price objective on shares of On Assignment in a research report on Friday, October 27th. BMO Capital Markets upped their price objective on shares of On Assignment from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. ValuEngine raised shares of On Assignment from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada upped their price objective on shares of On Assignment from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research lowered shares of On Assignment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. 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’s stock. The stock presently has an average rating of “Buy” and an average target price of $60.17.
A hedge fund recently raised its stake in On Assignment stock. Stifel Financial Corp grew its position in shares of On Assignment, Inc. (NYSE:ASGN) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 287,428 shares of the business services provider’s stock after buying an additional 16,813 shares during the quarter. Stifel Financial Corp owned approximately 0.55% of On Assignment worth $15,451,000 as of its most recent filing with the Securities and Exchange Commission. 89.24% of the stock is owned by hedge funds and other institutional investors.
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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