Edwin A. Sheridan Sells 33,000 Shares of On Assignment, Inc. (ASGN) Stock
On Assignment, Inc. (NYSE:ASGN) Director Edwin A. Sheridan sold 33,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $61.45, for a total value of $2,027,850.00. Following the transaction, the director now directly owns 1,098,208 shares of the company’s stock, valued at approximately $67,484,881.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
On Assignment, Inc. (NYSE ASGN) traded down $0.36 during midday trading on Wednesday, reaching $61.50. The company had a trading volume of 119,600 shares, compared to its average volume of 280,383. On Assignment, Inc. has a 52 week low of $39.52 and a 52 week high of $61.89. The company has a market cap of $3,217.64, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.08 and a beta of 2.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 2.57.
On Assignment (NYSE:ASGN) last released its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $660.90 million. During the same period last year, the company earned $0.74 EPS. On Assignment’s revenue for the quarter was up 6.0% on a year-over-year basis. equities research analysts anticipate that On Assignment, Inc. will post 2.97 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Insight Capital Research & Management Inc. bought a new stake in On Assignment in the 3rd quarter worth about $953,000. California Public Employees Retirement System increased its holdings in On Assignment by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 95,774 shares of the business services provider’s stock worth $5,141,000 after buying an additional 3,374 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in On Assignment in the 3rd quarter worth about $280,000. Bamco Inc. NY increased its holdings in On Assignment by 5.5% in the 3rd quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock worth $102,534,000 after buying an additional 100,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in On Assignment in the 3rd quarter worth about $419,000. Institutional investors own 89.24% of the company’s stock.
ASGN has been the subject of several recent analyst reports. Zacks Investment Research raised On Assignment from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. BidaskClub raised On Assignment from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $53.00 price target on shares of On Assignment in a research report on Sunday, September 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $55.00 price target on shares of On Assignment in a research report on Friday, October 13th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $61.00 price target on shares of On Assignment in a research report on Sunday, October 15th. Two equities research 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 company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $60.17.
About On Assignment
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.