On Assignment, Inc. (ASGN) Director Edwin A. Sheridan Sells 16,624 Shares
On Assignment, Inc. (NYSE:ASGN) Director Edwin A. Sheridan sold 16,624 shares of On Assignment stock in a transaction on Monday, November 13th. The stock was sold at an average price of $61.60, for a total transaction of $1,024,038.40. Following the sale, the director now directly owns 1,098,208 shares of the company’s stock, valued at $67,649,612.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of On Assignment, Inc. (NYSE:ASGN) traded up $0.82 on Friday, reaching $62.58. 239,649 shares of the company were exchanged, compared to its average volume of 280,250. On Assignment, Inc. has a 52-week low of $40.52 and a 52-week high of $63.00. The stock has a market capitalization of $3,175.51, a PE ratio of 21.35, a PEG ratio of 2.06 and a beta of 2.12. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66.
On Assignment (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. The firm had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. On Assignment’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. analysts anticipate that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal year.
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ASGN has been the subject of several recent analyst reports. Royal Bank Of Canada lifted their price objective on shares of On Assignment from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. BidaskClub cut shares of On Assignment from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BMO Capital Markets lifted their price objective on shares of On Assignment from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Friday, October 27th. Finally, ValuEngine raised shares of On Assignment from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. On Assignment has an average rating of “Buy” and an average price target of $60.17.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new position in On Assignment in the third quarter valued at $280,000. Cubist Systematic Strategies LLC acquired a new position in On Assignment in the third quarter valued at $419,000. Insight Capital Research & Management Inc. acquired a new position in On Assignment in the third quarter valued at $953,000. Pinebridge Investments L.P. increased its stake in On Assignment by 12.5% in the third quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock valued at $1,393,000 after purchasing an additional 2,879 shares during the period. Finally, California Public Employees Retirement System increased its stake in On Assignment by 3.7% in the third quarter. California Public Employees Retirement System now owns 95,774 shares of the business services provider’s stock valued at $5,141,000 after purchasing an additional 3,374 shares during the period. Institutional investors own 89.24% of the company’s stock.
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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