On Assignment, Inc. (NYSE:ASGN) had its target price hoisted by BMO Capital Markets from $62.00 to $66.00 in a report released on Friday, November 10th. They currently have an outperform rating on the business services provider’s stock.
Several other equities research analysts have also recently weighed in on ASGN. BidaskClub cut shares of On Assignment from a strong-buy rating to a buy rating in a research report on Friday, July 28th. Robert W. Baird reissued a hold rating and issued a $53.00 target price on shares of On Assignment in a report on Friday, October 6th. Zacks Investment Research raised shares of On Assignment from a sell rating to a hold rating in a report on Friday, September 15th. Royal Bank Of Canada reissued a buy rating on shares of On Assignment in a report on Friday, October 20th. Finally, Deutsche Bank AG upped their price objective on On Assignment from $57.00 to $60.00 and gave the company a buy rating in a research note on Thursday, October 26th. Two research 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’s stock. On Assignment has an average rating of Buy and an average target price of $60.17.
On Assignment (NYSE:ASGN) opened at $62.86 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 2.57. On Assignment has a fifty-two week low of $40.52 and a fifty-two week high of $63.71. The company has a market cap of $3,313.35, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.15 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 EPS for the quarter, beating 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 the consensus estimate of $660.90 million. During the same period in the prior year, the company posted $0.74 earnings per share. On Assignment’s revenue was up 6.0% compared to the same quarter last year. equities research analysts predict that On Assignment will post 2.97 EPS for the current year.
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In related news, insider Jeffrey E. Veatch sold 74,894 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $56.53, for a total value of $4,233,757.82. Following the transaction, the insider now directly owns 392,938 shares in the company, valued at approximately $22,212,785.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jennifer Hankes Painter sold 3,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $63.06, for a total value of $220,710.00. Following the transaction, the senior vice president now owns 10,667 shares in the company, valued at $672,661.02. The disclosure for this sale can be found here. Insiders have sold a total of 504,035 shares of company stock valued at $29,809,517 in the last three months. Insiders own 5.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in shares of On Assignment during the 3rd quarter worth $280,000. Cubist Systematic Strategies LLC purchased a new stake in On Assignment in the 3rd quarter worth about $419,000. Insight Capital Research & Management Inc. purchased a new stake in On Assignment in the 3rd quarter worth about $953,000. Pinebridge Investments L.P. increased its holdings in On Assignment by 12.5% in the 3rd quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock worth $1,393,000 after acquiring an additional 2,879 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in On Assignment by 3.7% in 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 during the last quarter. Institutional investors own 88.35% of the company’s stock.
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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