Arshad Matin Sells 2,000 Shares of On Assignment, Inc. (ASGN) Stock

On Assignment, Inc. (NYSE:ASGN) Director Arshad Matin sold 2,000 shares of the company’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $84.62, for a total transaction of $169,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of On Assignment opened at $79.74 on Friday, Marketbeat reports. On Assignment, Inc. has a 12-month low of $44.66 and a 12-month high of $86.13. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 2.02 and a beta of 1.91. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55.

On Assignment (NYSE:ASGN) last announced its earnings results on Wednesday, April 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.08. The firm had revenue of $685.20 million for the quarter, compared to analyst estimates of $677.66 million. On Assignment had a net margin of 6.12% and a return on equity of 17.99%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. equities analysts expect that On Assignment, Inc. will post 4.1 earnings per share for the current fiscal year.



Hedge funds and other institutional investors have recently bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in shares of On Assignment during the 4th quarter worth approximately $163,000. Public Employees Retirement Association of Colorado acquired a new stake in On Assignment in the fourth quarter valued at approximately $192,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in On Assignment by 38.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock valued at $199,000 after buying an additional 857 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in On Assignment in the fourth quarter valued at approximately $217,000. Finally, M&T Bank Corp acquired a new stake in On Assignment in the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

A number of equities research analysts have recently issued reports on ASGN shares. William Blair reaffirmed an “outperform” rating on shares of On Assignment in a report on Thursday, February 15th. BMO Capital Markets upped their target price on shares of On Assignment from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Wells Fargo & Co set a $92.00 target price on shares of On Assignment and gave the company a “buy” rating in a report on Monday, April 2nd. Deutsche Bank upped their target price on shares of On Assignment from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Wednesday, April 4th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average 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.

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

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