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.
ILLEGAL ACTIVITY WARNING: This story was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/11/15/edwin-a-sheridan-sells-40200-shares-of-on-assignment-inc-asgn-stock.html.
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.
Receive News & Ratings for On Assignment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.