On Assignment, Inc. (NASDAQ:ASGN) insider Jeffrey E. Veatch sold 2,322 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $57.02, for a total value of $132,400.44. Following the sale, the insider now directly owns 364,202 shares in the company, valued at $20,766,798.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of On Assignment, Inc. (NASDAQ:ASGN) opened at $61.22 on Friday. On Assignment, Inc. has a 1-year low of $37.00 and a 1-year high of $61.89.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. The firm had revenue of $667.05 million for the quarter, compared to analyst estimates of $660.90 million. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. On Assignment’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS.
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ASGN has been the subject of several recent analyst reports. BidaskClub upgraded On Assignment from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Royal Bank Of Canada reiterated a “buy” rating on shares of On Assignment in a report on Friday, October 20th. BMO Capital Markets reiterated a “buy” rating and issued a $61.00 price target on shares of On Assignment in a report on Sunday, October 15th. Deutsche Bank AG boosted their price objective on shares of On Assignment from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Friday, October 27th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $60.17.
Hedge funds have recently added to or reduced their stakes in the business. First Quadrant L P CA acquired a new stake in On Assignment in the 2nd quarter valued at about $112,000. FNY Partners Fund LP raised its holdings in On Assignment by 266.2% in the 1st quarter. FNY Partners Fund LP now owns 2,197 shares of the company’s stock valued at $106,000 after acquiring an additional 1,597 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in On Assignment by 9.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,242 shares of the company’s stock valued at $121,000 after acquiring an additional 202 shares during the last quarter. Pitcairn Co. acquired a new stake in On Assignment in the 2nd quarter valued at about $211,000. Finally, CIBC Asset Management Inc acquired a new stake in On Assignment in the 2nd quarter valued at about $216,000.
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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