On Assignment, Inc. (ASGN) Director Edwin A. Sheridan Sells 16,624 Shares

On Assignment, Inc. (NYSE:ASGN) Director Edwin A. Sheridan sold 16,624 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $61.60, for a total value of $1,024,038.40. Following the transaction, the director now owns 1,098,208 shares of the company’s stock, valued at $67,649,612.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of On Assignment, Inc. (NYSE ASGN) traded down $0.36 on Wednesday, hitting $61.50. The stock had a trading volume of 119,600 shares, compared to its average volume of 280,383. The stock has a market cap of $3,217.64, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.08 and a beta of 2.12. On Assignment, Inc. has a twelve month low of $39.52 and a twelve month high of $61.89. 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 (NYSE:ASGN) last issued its quarterly earnings data 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. The business had revenue of $667.05 million for the quarter, compared to analysts’ expectations of $660.90 million. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. analysts expect that On Assignment, Inc. will post 2.97 earnings per share for the current year.

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A number of research analysts recently commented on the company. Zacks Investment Research cut On Assignment from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. BMO Capital Markets boosted their price target on On Assignment from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Robert W. Baird reissued a “hold” rating and issued a $59.00 price target on shares of On Assignment in a report on Friday, October 27th. Royal Bank Of Canada reissued a “buy” rating on shares of On Assignment in a report on Friday, October 20th. Finally, Deutsche Bank AG boosted their price target on On Assignment from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. On Assignment currently has a consensus rating of “Buy” and an average target price of $60.17.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bamco Inc. NY raised its holdings in shares of On Assignment by 5.5% during the 3rd quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock worth $102,534,000 after acquiring an additional 100,000 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of On Assignment by 6.2% during the 3rd quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock worth $15,451,000 after acquiring an additional 16,813 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of On Assignment by 3.7% during 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 acquiring an additional 3,374 shares in the last quarter. Pinebridge Investments L.P. increased its position in shares of On Assignment by 12.5% during the 3rd quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock valued at $1,393,000 after purchasing an additional 2,879 shares during the last quarter. Finally, Insight Capital Research & Management Inc. bought a new position in shares of On Assignment during the 3rd quarter valued at approximately $953,000. 89.24% of the stock is currently owned by institutional investors and hedge funds.

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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