Insider Selling: On Assignment, Inc. (ASGN) Director Sells 3,000 Shares of Stock
On Assignment, Inc. (NASDAQ:ASGN) Director Marty R. Kittrell sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.63, for a total value of $178,890.00. Following the completion of the transaction, the director now directly owns 6,244 shares of the company’s stock, valued at approximately $372,329.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. The company had revenue of $667.05 million during the quarter, compared to the consensus estimate of $660.90 million. During the same period last year, the firm earned $0.74 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the company. FNY Partners Fund LP lifted its position in shares of On Assignment by 266.2% during the 1st quarter. FNY Partners Fund LP now owns 2,197 shares of the company’s stock valued at $106,000 after acquiring an additional 1,597 shares during the period. First Quadrant L P CA acquired a new stake in shares of On Assignment during the 2nd quarter valued at approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of On Assignment by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,242 shares of the company’s stock valued at $121,000 after acquiring an additional 202 shares during the period. Pitcairn Co. acquired a new stake in shares of On Assignment during the 2nd quarter valued at approximately $211,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of On Assignment during the 2nd quarter valued at approximately $216,000.
Several equities analysts have recently issued reports on ASGN shares. Zacks Investment Research raised On Assignment from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. BidaskClub upgraded On Assignment from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird restated a “hold” rating and issued a $53.00 price target on shares of On Assignment in a research note on Sunday, September 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $55.00 price target on shares of On Assignment in a research note on Friday, October 13th. Finally, BMO Capital Markets restated a “buy” rating and issued a $61.00 price target on shares of On Assignment in a research note on Sunday, October 15th. Two equities research 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 currently has a consensus rating of “Buy” and an average price target of $59.50.
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.
Receive News & Ratings for On Assignment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.