On Assignment, Inc. (NASDAQ:ASGN) CEO Peter T. Dameris sold 21,275 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $48.34, for a total transaction of $1,028,433.50. Following the sale, the chief executive officer now directly owns 263,436 shares in the company, valued at approximately $12,734,496.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
On Assignment, Inc. (NASDAQ:ASGN) traded down 1.40% on Monday, reaching $47.73. 111,050 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $46.94 and a 200 day moving average price of $41.75. The firm has a market cap of $2.51 billion and a PE ratio of 26.37. On Assignment, Inc. has a one year low of $32.04 and a one year high of $49.12.
On Assignment (NASDAQ:ASGN) last released its quarterly earnings results on Tuesday, February 14th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $620.90 million for the quarter, compared to analysts’ expectations of $614.13 million. During the same quarter in the prior year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that On Assignment, Inc. will post $2.89 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its stake in On Assignment by 0.8% in the third quarter. Aperio Group LLC now owns 11,150 shares of the company’s stock worth $405,000 after buying an additional 89 shares in the last quarter. Geneva Advisors LLC boosted its stake in On Assignment by 0.4% in the third quarter. Geneva Advisors LLC now owns 26,617 shares of the company’s stock worth $966,000 after buying an additional 105 shares in the last quarter. American International Group Inc. boosted its stake in On Assignment by 0.4% in the third quarter. American International Group Inc. now owns 37,535 shares of the company’s stock worth $1,362,000 after buying an additional 152 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in On Assignment by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,680 shares of the company’s stock worth $497,000 after buying an additional 170 shares in the last quarter. Finally, First American Bank boosted its stake in On Assignment by 4.0% in the third quarter. First American Bank now owns 7,555 shares of the company’s stock worth $274,000 after buying an additional 290 shares in the last quarter.
ASGN has been the topic of a number of recent research reports. Avondale Partners downgraded shares of On Assignment from an “outperform” rating to a “market perform” rating and upped their price target for the company from $41.00 to $48.00 in a research note on Monday, December 19th. Zacks Investment Research upgraded shares of On Assignment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 28th. Finally, Royal Bank of Canada set a $51.00 price objective on shares of On Assignment and gave the company a “buy” rating in a research report on Saturday, January 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. On Assignment currently has a consensus rating of “Buy” and an average target price of $46.20.
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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