On Assignment, Inc. (ASGN) Given a $44.00 Price Target by Deutsche Bank AG Analysts
Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded On Assignment from a buy rating to a hold rating in a research note on Tuesday, June 28th. BMO Capital Markets reissued a buy rating and issued a $45.00 price target on shares of On Assignment in a research note on Wednesday, September 7th.
On Assignment (NASDAQ:ASGN) traded up 0.63% during trading on Tuesday, hitting $36.78. The company had a trading volume of 134,910 shares. On Assignment has a one year low of $29.34 and a one year high of $51.00. The stock has a market capitalization of $1.96 billion and a PE ratio of 22.41. The stock has a 50-day moving average of $36.96 and a 200-day moving average of $36.95.
On Assignment (NASDAQ:ASGN) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.02. The firm earned $608.10 million during the quarter, compared to analyst estimates of $600.12 million. During the same period in the prior year, the business earned $0.61 EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, equities analysts anticipate that On Assignment will post $3.11 EPS for the current year.
In other news, COO Michael Mcgowan sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $37.17, for a total value of $148,680.00. Following the completion of the transaction, the chief operating officer now owns 213,106 shares in the company, valued at approximately $7,921,150.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter T. Dameris sold 23,537 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $36.88, for a total value of $868,044.56. Following the completion of the transaction, the chief executive officer now owns 319,422 shares of the company’s stock, valued at approximately $11,780,283.36. The disclosure for this sale can be found here.
Several institutional investors have recently made changes to their positions in ASGN. Tower Research Capital LLC TRC boosted its position in shares of On Assignment by 751.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,748 shares of the company’s stock valued at $138,000 after buying an additional 3,308 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of On Assignment by 40.0% in the second quarter. Victory Capital Management Inc. now owns 3,868 shares of the company’s stock valued at $143,000 after buying an additional 1,105 shares during the last quarter. Amalgamated Bank boosted its position in shares of On Assignment by 7.3% in the second quarter. Amalgamated Bank now owns 5,847 shares of the company’s stock valued at $211,000 after buying an additional 400 shares during the last quarter. PineBridge Investments L.P. boosted its position in shares of On Assignment by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,093 shares of the company’s stock valued at $225,000 after buying an additional 244 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of On Assignment during the second quarter valued at $255,000.
On Assignment Company Profile
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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