On Assignment, Inc. (NASDAQ:ASGN) CEO Peter T. Dameris sold 23,537 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $36.88, for a total transaction of $868,044.56. Following the sale, the chief executive officer now directly owns 319,422 shares in the company, valued at approximately $11,780,283.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
On Assignment, Inc. (NASDAQ:ASGN) opened at 36.87 on Wednesday. On Assignment, Inc. has a 12 month low of $29.34 and a 12 month high of $51.00. The firm’s 50-day moving average is $37.10 and its 200-day moving average is $36.84. The firm has a market cap of $1.97 billion and a PE ratio of 22.47.
On Assignment (NASDAQ:ASGN) last announced its earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. The company earned $608.10 million during the quarter, compared to the consensus estimate of $600.12 million. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. Equities analysts expect that On Assignment, Inc. will post $3.11 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Copper Rock Capital Partners LLC bought a new position in shares of On Assignment during the second quarter worth about $22,004,000. Incline Global Management LLC raised its position in On Assignment by 74.8% in the second quarter. Incline Global Management LLC now owns 858,249 shares of the company’s stock valued at $31,712,000 after buying an additional 367,365 shares during the period. PNC Financial Services Group Inc. raised its position in On Assignment by 47.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,126,058 shares of the company’s stock valued at $41,609,000 after buying an additional 360,555 shares during the period. Bank of Montreal Can acquired a new position in On Assignment during the second quarter valued at $10,372,000. Finally, Teachers Advisors Inc. raised its position in On Assignment by 320.9% in the second quarter. Teachers Advisors Inc. now owns 329,881 shares of the company’s stock valued at $12,189,000 after buying an additional 251,501 shares during the period.
A number of research firms recently commented on ASGN. Zacks Investment Research downgraded shares of On Assignment from a “buy” rating to a “hold” rating in a report on Wednesday, June 8th. Deutsche Bank AG began coverage on shares of On Assignment in a report on Wednesday, August 17th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, BMO Capital Markets reissued a “buy” rating and set a $45.00 price objective on shares of On Assignment in a report on Wednesday, September 7th.
On Assignment Company Profile
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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