On Assignment, Inc. (NYSE:ASGN) CEO Peter T. Dameris sold 18,750 shares of the firm’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $82.44, for a total value of $1,545,750.00. Following the completion of the sale, the chief executive officer now owns 151,621 shares in the company, valued at $12,499,635.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of On Assignment opened at $83.50 on Friday, according to MarketBeat.com. On Assignment, Inc. has a fifty-two week low of $82.36 and a fifty-two week high of $82.96. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55. The stock has a market cap of $4.36 billion, a P/E ratio of 25.33, a P/E/G ratio of 2.03 and a beta of 1.91.
On Assignment (NYSE:ASGN) last issued its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. On Assignment had a net margin of 6.12% and a return on equity of 17.99%. The business had revenue of $685.20 million for the quarter, compared to analysts’ expectations of $677.66 million. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. analysts predict that On Assignment, Inc. will post 4.1 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of ASGN. Hennessy Advisors Inc. bought a new stake in shares of On Assignment during the fourth quarter valued at about $31,994,000. Acadian Asset Management LLC bought a new stake in shares of On Assignment during the fourth quarter valued at about $19,230,000. Pathstone Family Office LLC bought a new stake in shares of On Assignment during the fourth quarter valued at about $15,686,000. Origin Asset Management LLP raised its stake in shares of On Assignment by 2,502.3% during the first quarter. Origin Asset Management LLP now owns 170,138 shares of the business services provider’s stock valued at $13,931,000 after purchasing an additional 163,600 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of On Assignment by 197.0% during 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 purchasing an additional 120,288 shares in the last quarter. Institutional investors and hedge funds own 93.28% of the company’s stock.
A number of equities research analysts have issued reports on ASGN shares. ValuEngine upgraded On Assignment from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. William Blair reiterated an “outperform” rating on shares of On Assignment in a research note on Thursday, February 15th. Wells Fargo set a $92.00 target price on On Assignment and gave the company a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research cut On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. Finally, Deutsche Bank raised their target price on On Assignment from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $81.57.
About On Assignment
ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.
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