Edward L. Pierce Sells 6,276 Shares of On Assignment, Inc. (ASGN) Stock
On Assignment, Inc. (NYSE:ASGN) CFO Edward L. Pierce sold 6,276 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $61.60, for a total value of $386,601.60. Following the completion of the sale, the chief financial officer now owns 77,087 shares in the company, valued at $4,748,559.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of On Assignment, Inc. (NYSE:ASGN) traded up $0.18 during mid-day trading on Monday, reaching $61.22. The company’s stock had a trading volume of 190,100 shares, compared to its average volume of 281,507. On Assignment, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $61.89. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57. The stock has a market capitalization of $3,184.35, a P/E ratio of 21.41, a PEG ratio of 2.06 and a beta of 2.12.
On Assignment (NYSE:ASGN) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (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 business had revenue of $667.05 million for the quarter, compared to the consensus estimate of $660.90 million. During the same period 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.
An institutional investor recently raised its position in On Assignment stock. Stifel Financial Corp raised its stake in shares of On Assignment, Inc. (NYSE:ASGN) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,428 shares of the business services provider’s stock after purchasing an additional 16,813 shares during the period. Stifel Financial Corp owned 0.55% of On Assignment worth $15,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 89.24% of the stock is currently owned by institutional investors and hedge funds.
ASGN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded On Assignment from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. BidaskClub upgraded On Assignment from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and issued a $53.00 target price on shares of On Assignment in a research report on Sunday, September 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $55.00 target price on shares of On Assignment in a research report on Friday, October 13th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $61.00 target price on shares of On Assignment in a research report on Sunday, October 15th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $60.17.
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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