On Assignment, Inc. (ASGN) Insider Theodore S. Hanson Sells 11,325 Shares

On Assignment, Inc. (NYSE:ASGN) insider Theodore S. Hanson sold 11,325 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $61.72, for a total transaction of $698,979.00. Following the completion of the sale, the insider now owns 253,639 shares of the company’s stock, valued at $15,654,599.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

On Assignment, Inc. (ASGN) traded up $0.82 during trading hours on Friday, hitting $62.58. 239,649 shares of the stock traded hands, compared to its average volume of 280,250. On Assignment, Inc. has a 1-year low of $40.52 and a 1-year high of $63.00. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3,198.92, a P/E ratio of 21.50, a P/E/G ratio of 2.07 and a beta of 2.12.

On Assignment (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 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 during the quarter, compared to the consensus estimate of $660.90 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. research analysts forecast that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. 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. Institutional investors and hedge funds own 89.24% of the company’s stock.

Several equities research analysts have weighed in on the stock. Robert W. Baird restated a “hold” rating and issued a $59.00 target price on shares of On Assignment in a research note on Friday, October 27th. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. BMO Capital Markets raised their target price on shares of On Assignment from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. BidaskClub upgraded shares of On Assignment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Finally, Royal Bank Of Canada raised their target price on shares of On Assignment from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. On Assignment currently has a consensus rating of “Buy” and an average price target of $60.17.

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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