Edwin A. Sheridan Sells 40,200 Shares of On Assignment, Inc. (ASGN) Stock

On Assignment, Inc. (NYSE:ASGN) Director Edwin A. Sheridan sold 40,200 shares of On Assignment stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $61.07, for a total transaction of $2,455,014.00. Following the completion of the sale, the director now directly owns 1,131,032 shares of the company’s stock, valued at $69,072,124.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of On Assignment, Inc. (NYSE ASGN) opened at $61.50 on Wednesday. On Assignment, Inc. has a 12 month low of $39.52 and a 12 month high of $61.89. The stock has a market cap of $3,217.64, a price-to-earnings ratio of 21.63, a PEG ratio of 2.08 and a beta of 2.12. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66.

On Assignment (NYSE:ASGN) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. The business had revenue of $667.05 million for the quarter, compared to analyst estimates of $660.90 million. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. sell-side analysts predict that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on ASGN. BidaskClub cut shares of On Assignment from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Robert W. Baird reissued a “hold” rating and set a $53.00 price objective on shares of On Assignment in a research note on Friday, October 6th. Zacks Investment Research raised shares of On Assignment from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Royal Bank Of Canada reissued a “buy” rating on shares of On Assignment in a research note on Friday, October 20th. Finally, Deutsche Bank AG boosted their price objective on shares of 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 given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $60.17.

Several large investors have recently bought and sold shares of ASGN. Cubist Systematic Strategies LLC acquired a new position in shares of On Assignment during the 3rd quarter valued at $419,000. Pinebridge Investments L.P. lifted its holdings in shares of On Assignment by 12.5% during the 3rd quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock valued at $1,393,000 after acquiring an additional 2,879 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of On Assignment by 6.2% during the 3rd quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock valued at $15,451,000 after acquiring an additional 16,813 shares in the last quarter. Institutional investors and hedge funds own 89.24% 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.

Insider Buying and Selling by Quarter for On Assignment (NYSE:ASGN)

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