ASGN has been the subject of several other research reports. Zacks Investment Research raised shares of On Assignment from a sell rating to a hold rating in a research note on Thursday, September 21st. BidaskClub raised shares of On Assignment from a sell rating to a hold rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a hold rating and set a $53.00 target price on shares of On Assignment in a research note on Sunday, September 3rd. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $55.00 target price on shares of On Assignment in a research note on Friday, October 13th. Two investment 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. The company currently has an average rating of Buy and a consensus price target of $54.80.
Shares of On Assignment (ASGN) opened at 56.41 on Friday. On Assignment has a 52-week low of $32.04 and a 52-week high of $56.45. The firm has a 50-day moving average of $51.95 and a 200 day moving average of $51.13. The stock has a market capitalization of $2.97 billion and a PE ratio of 31.17.
On Assignment (NASDAQ:ASGN) last announced its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company had revenue of $653.31 million during the quarter, compared to analyst estimates of $655.96 million. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. On Assignment’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. Equities research analysts forecast that On Assignment will post $2.86 EPS for the current fiscal year.
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In other news, insider Jeffrey E. Veatch sold 1,520 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $56.01, for a total value of $85,135.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of On Assignment by 137,720.1% in the first quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock valued at $286,464,000 after purchasing an additional 5,898,553 shares during the period. Vanguard Group Inc. boosted its stake in shares of On Assignment by 1.0% in the second quarter. Vanguard Group Inc. now owns 4,430,849 shares of the company’s stock valued at $239,930,000 after purchasing an additional 44,109 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of On Assignment by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,240,588 shares of the company’s stock valued at $121,328,000 after purchasing an additional 10,945 shares during the period. State Street Corp boosted its stake in shares of On Assignment by 5.8% in the second quarter. State Street Corp now owns 1,227,335 shares of the company’s stock valued at $66,468,000 after purchasing an additional 66,839 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of On Assignment by 1.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,161,955 shares of the company’s stock valued at $62,920,000 after purchasing an additional 22,047 shares during the period.
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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