Insider Selling: Jeffrey E. Veatch Sells 127,000 Shares of On Assignment Stock (ASGN)
On Assignment (NASDAQ:ASGN) Insider Jeffrey E. Veatch sold 127,000 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.12, for a total transaction of $4,587,240.00. Following the completion of the transaction, the insider now directly owns 1,086,992 shares of the company’s stock, valued at approximately $39,262,151. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of On Assignment from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 23rd. They now have a $39.70 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of On Assignment to $42.00 in a research note on Friday, March 28th. They now have a “buy” rating on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of On Assignment in a research note on Friday, March 28th. They now have a $42.00 price target on the stock, up previously from $40.00. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $40.45.
On Assignment (NASDAQ:ASGN) traded up 1.29% on Monday, hitting $36.83. The stock had a trading volume of 221,478 shares. On Assignment has a one year low of $25.23 and a one year high of $39.86. The stock’s 50-day moving average is $35.41 and its 200-day moving average is $34.31. The company has a market cap of $2.001 billion and a price-to-earnings ratio of 26.85.
On Assignment (NASDAQ:ASGN) last released its earnings data on Wednesday, April 23rd. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.17. The company had revenue of $439.30 million for the quarter, compared to the consensus estimate of $436.15 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts predict that On Assignment will post $1.48 earnings per share for the current fiscal year.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.
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