On Assignment (NYSE:ASGN) had its target price upped by SunTrust Banks to $88.00 in a research note issued to investors on Thursday, February 1st. The brokerage currently has a buy rating on the business services provider’s stock. SunTrust Banks also issued estimates for On Assignment’s FY2019 earnings at $3.48 EPS.
A number of other equities research analysts have also recently commented on ASGN. Robert W. Baird reissued a hold rating and issued a $53.00 target price on shares of On Assignment in a research note on Friday, October 6th. Royal Bank of Canada reissued a buy rating and issued a $55.00 target price on shares of On Assignment in a research note on Friday, October 13th. BMO Capital Markets reissued a buy rating and issued a $61.00 target price on shares of On Assignment in a research note on Sunday, October 15th. Deutsche Bank increased their target price on 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 On Assignment from a hold rating to a buy rating and set a $67.00 target price on the stock in a research note on Friday, October 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $72.86.
On Assignment (ASGN) traded down $0.06 during midday trading on Thursday, hitting $70.04. The stock had a trading volume of 440,223 shares, compared to its average volume of 303,427. On Assignment has a 52-week low of $43.83 and a 52-week high of $77.68. The stock has a market capitalization of $3,643.13, a PE ratio of 24.49, a P/E/G ratio of 1.97 and a beta of 2.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57.
In related news, CFO Edward L. Pierce sold 6,276 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $61.60, for a total transaction of $386,601.60. Following the sale, the chief financial officer now directly owns 77,087 shares of the company’s stock, valued at $4,748,559.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edwin A. Sheridan sold 33,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $61.45, for a total value of $2,027,850.00. Following the sale, the director now directly owns 1,098,208 shares in the company, valued at $67,484,881.60. The disclosure for this sale can be found here. Insiders have sold 109,453 shares of company stock worth $6,792,729 over the last ninety days. 5.40% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Suntrust Banks Inc. bought a new position in On Assignment in the fourth quarter valued at about $245,000. FDx Advisors Inc. lifted its holdings in On Assignment by 8.8% in the fourth quarter. FDx Advisors Inc. now owns 9,328 shares of the business services provider’s stock valued at $600,000 after acquiring an additional 755 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in On Assignment by 197.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 181,351 shares of the business services provider’s stock valued at $11,655,000 after acquiring an additional 120,288 shares during the period. Virtus Fund Advisers LLC bought a new position in On Assignment in the fourth quarter valued at about $228,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in On Assignment by 34.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 132,469 shares of the business services provider’s stock valued at $8,514,000 after acquiring an additional 34,059 shares during the period. 91.73% of the stock is currently owned by institutional investors.
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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.
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