On Assignment, Inc. (NYSE:ASGN) CFO Edward L. Pierce sold 1,054 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $61.15, for a total value of $64,452.10. Following the completion of the sale, the chief financial officer now owns 77,087 shares of the company’s stock, valued at $4,713,870.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
On Assignment, Inc. (ASGN) opened at $61.86 on Tuesday. On Assignment, Inc. has a twelve month low of $39.52 and a twelve month high of $61.89. 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. 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 earnings results on Wednesday, October 25th. The business services provider reported $0.83 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 company had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. During the same period last year, the business posted $0.74 EPS. On Assignment’s revenue for the quarter was up 6.0% on a year-over-year basis. research analysts predict that On Assignment, Inc. will post 2.97 earnings per share for the current year.
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An institutional investor recently raised its position in On Assignment stock. Pinebridge Investments L.P. boosted its position in shares of On Assignment, Inc. (NYSE:ASGN) by 12.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,944 shares of the business services provider’s stock after acquiring an additional 2,879 shares during the quarter. Pinebridge Investments L.P.’s holdings in On Assignment were worth $1,393,000 at the end of the most recent quarter. 89.24% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on ASGN. Zacks Investment Research cut On Assignment from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. BMO Capital Markets upped their target price on On Assignment from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird restated a “hold” rating and issued a $59.00 target price on shares of On Assignment in a report on Friday, October 27th. Royal Bank Of Canada restated a “buy” rating on shares of On Assignment in a report on Friday, October 20th. Finally, Deutsche Bank AG upped their target price on On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price 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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