On Assignment, Inc. (NASDAQ:ASGN) insider Jeffrey E. Veatch sold 1,520 shares of On Assignment stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $56.01, for a total value of $85,135.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of On Assignment, Inc. (ASGN) traded down 0.07% on Thursday, hitting $54.86. The stock had a trading volume of 193,173 shares. The firm has a market capitalization of $2.89 billion and a price-to-earnings ratio of 30.31. The firm has a 50 day moving average of $50.56 and a 200-day moving average of $50.84. On Assignment, Inc. has a 1-year low of $32.04 and a 1-year high of $56.21.
On Assignment (NASDAQ:ASGN) last posted its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company had revenue of $653.31 million for the quarter, compared to analysts’ expectations of $655.96 million. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. On Assignment’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. Equities analysts predict that On Assignment, Inc. will post $2.86 earnings per share for the current year.
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Several research analysts have commented on the company. Robert W. Baird reaffirmed a “hold” rating and set a $53.00 target price on shares of On Assignment in a report on Friday, October 6th. BMO Capital Markets lifted their target price on On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. BidaskClub raised On Assignment from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Finally, Zacks Investment Research raised On Assignment from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Two equities research 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. On Assignment has a consensus rating of “Buy” and an average price target of $54.60.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of On Assignment by 137,720.1% in the first quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock worth $286,464,000 after purchasing an additional 5,898,553 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of On Assignment by 1.0% in the second quarter. Vanguard Group Inc. now owns 4,430,849 shares of the company’s stock worth $239,930,000 after purchasing an additional 44,109 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of On Assignment by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,240,588 shares of the company’s stock worth $121,328,000 after purchasing an additional 10,945 shares during the last quarter. State Street Corp grew its stake in shares of On Assignment by 5.8% in the second quarter. State Street Corp now owns 1,227,335 shares of the company’s stock worth $66,468,000 after purchasing an additional 66,839 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of On Assignment by 1.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,161,955 shares of the company’s stock worth $62,920,000 after purchasing an additional 22,047 shares during the last quarter.
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.
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