On Assignment, Inc. (ASGN) Director Brian J. Callaghan Sells 20,250 Shares

On Assignment, Inc. (NYSE:ASGN) Director Brian J. Callaghan sold 20,250 shares of On Assignment stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $64.00, for a total transaction of $1,296,000.00. Following the transaction, the director now directly owns 392,930 shares in the company, valued at $25,147,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

On Assignment, Inc. (ASGN) traded down $0.66 during midday trading on Thursday, reaching $63.96. 197,109 shares of the company’s stock traded hands, compared to its average volume of 277,900. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. On Assignment, Inc. has a fifty-two week low of $40.52 and a fifty-two week high of $65.34. The stock has a market capitalization of $3,355.48, a price-to-earnings ratio of 22.56, a P/E/G ratio of 2.17 and a beta of 2.12.

On Assignment (NYSE:ASGN) last released its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The business had revenue of $667.05 million for the quarter, compared to analyst estimates of $660.90 million. During the same period in the previous year, the company earned $0.74 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. analysts forecast 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 business. Janney Montgomery Scott LLC acquired a new stake in shares of On Assignment during the third quarter worth $280,000. Cubist Systematic Strategies LLC acquired a new stake in shares of On Assignment during the third quarter worth $419,000. Insight Capital Research & Management Inc. acquired a new stake in shares of On Assignment during the third quarter worth $953,000. Pinebridge Investments L.P. lifted its stake in shares of On Assignment by 12.5% during the third quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock worth $1,393,000 after buying an additional 2,879 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of On Assignment by 3.7% during the third 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 during the period. 90.27% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the stock. ValuEngine raised shares of On Assignment from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $59.00 price target on shares of On Assignment in a report on Friday, October 27th. BMO Capital Markets lifted their price target on shares of On Assignment from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. BidaskClub raised shares of On Assignment from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Finally, Zacks Investment Research raised shares of On Assignment from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $60.17.

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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.

Insider Buying and Selling by Quarter for On Assignment (NYSE:ASGN)

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