Shares of On Assignment, Inc. (NYSE:ASGN) have received an average rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $76.43.
A number of brokerages have recently issued reports on ASGN. Wells Fargo lifted their target price on On Assignment from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. BMO Capital Markets lifted their target price on On Assignment from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. SunTrust Banks lifted their target price on On Assignment to $88.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, William Blair reiterated an “outperform” rating on shares of On Assignment in a research note on Thursday, February 15th.
In related news, insider Randolph C. Blazer sold 10,000 shares of On Assignment stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $78.73, for a total value of $787,300.00. Following the completion of the transaction, the insider now directly owns 55,837 shares in the company, valued at $4,396,047.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edwin A. Sheridan sold 22,404 shares of On Assignment stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $77.64, for a total value of $1,739,446.56. The disclosure for this sale can be found here. Insiders sold 121,265 shares of company stock valued at $9,440,062 over the last quarter. Insiders own 5.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in On Assignment by 0.5% in the fourth quarter. BlackRock Inc. now owns 6,098,116 shares of the business services provider’s stock worth $391,925,000 after purchasing an additional 30,089 shares in the last quarter. Bamco Inc. NY boosted its stake in On Assignment by 5.5% in the third quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock valued at $102,534,000 after acquiring an additional 100,000 shares during the period. Boston Partners boosted its stake in On Assignment by 9.8% in the fourth quarter. Boston Partners now owns 923,765 shares of the business services provider’s stock valued at $59,370,000 after acquiring an additional 82,069 shares during the period. Peregrine Capital Management LLC boosted its stake in On Assignment by 0.6% in the fourth quarter. Peregrine Capital Management LLC now owns 676,675 shares of the business services provider’s stock valued at $43,490,000 after acquiring an additional 4,339 shares during the period. Finally, KAMES CAPITAL plc boosted its stake in On Assignment by 57.2% in the fourth quarter. KAMES CAPITAL plc now owns 610,094 shares of the business services provider’s stock valued at $39,205,000 after acquiring an additional 222,039 shares during the period. Institutional investors and hedge funds own 93.95% of the company’s stock.
Shares of On Assignment (NYSE:ASGN) opened at $83.37 on Tuesday. On Assignment has a 52-week low of $44.66 and a 52-week high of $85.93. The stock has a market capitalization of $4,442.78, a PE ratio of 27.98, a PEG ratio of 2.26 and a beta of 2.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.00 and a current ratio of 3.00.
On Assignment (NYSE:ASGN) last announced its earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.68. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The business had revenue of $679.04 million for the quarter, compared to analyst estimates of $671.35 million. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. research analysts predict that On Assignment will post 3.76 EPS for the current year.
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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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