On Assignment, Inc. (ASGN) Price Target Raised to $60.00 at BMO Capital Markets
Several other research analysts also recently issued reports on ASGN. Zacks Investment Research raised On Assignment from a hold rating to a buy rating and set a $61.00 price objective for the company in a research note on Tuesday, June 13th. Royal Bank Of Canada reaffirmed an outperform rating and issued a $55.00 price objective (up previously from $52.00) on shares of On Assignment in a research note on Thursday, April 27th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $57.00 price objective (up previously from $51.00) on shares of On Assignment in a research note on Friday, April 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. On Assignment currently has a consensus rating of Buy and a consensus target price of $56.20.
Shares of On Assignment (NASDAQ ASGN) traded up 0.50% on Friday, hitting $54.57. 144,281 shares of the stock traded hands. The firm’s 50 day moving average is $53.15 and its 200 day moving average is $48.37. The firm has a market capitalization of $2.88 billion and a PE ratio of 28.57. On Assignment has a 52 week low of $32.04 and a 52 week high of $55.53.
On Assignment (NASDAQ:ASGN) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. On Assignment had a return on equity of 10.23% and a net margin of 3.57%. The company had revenue of $626.53 million during the quarter, compared to the consensus estimate of $619.83 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, analysts expect that On Assignment will post $2.89 EPS for the current fiscal year.
In other news, Director Brian J. Callaghan sold 20,250 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $54.02, for a total value of $1,093,905.00. Following the completion of the transaction, the director now owns 430,873 shares of the company’s stock, valued at $23,275,759.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey E. Veatch sold 19,019 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $49.02, for a total value of $932,311.38. Following the completion of the transaction, the insider now directly owns 671,362 shares of the company’s stock, valued at approximately $32,910,165.24. The disclosure for this sale can be found here. Insiders sold 620,344 shares of company stock valued at $31,939,562 in the last ninety days.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASGN. FNY Partners Fund LP increased its stake in On Assignment by 266.2% in the first quarter. FNY Partners Fund LP now owns 2,197 shares of the company’s stock worth $106,000 after buying an additional 1,597 shares in the last quarter. Tyers Asset Management LLC increased its stake in On Assignment by 13.0% in the first quarter. Tyers Asset Management LLC now owns 2,436 shares of the company’s stock worth $118,000 after buying an additional 280 shares in the last quarter. Flinton Capital Management LLC increased its stake in On Assignment by 13.0% in the first quarter. Flinton Capital Management LLC now owns 2,958 shares of the company’s stock worth $144,000 after buying an additional 340 shares in the last quarter. Quantbot Technologies LP purchased a new stake in On Assignment during the first quarter worth $154,000. Finally, Fox Run Management L.L.C. purchased a new stake in On Assignment during the second quarter worth $227,000.
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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