On Assignment, Inc. (NASDAQ:ASGN) – Equities researchers at Avondale Partners issued their Q3 2016 earnings estimates for On Assignment in a note issued to investors on Tuesday. Avondale Partners analyst R. Reece anticipates that the brokerage will earn $0.85 per share for the quarter.
Several other research analysts also recently issued reports on ASGN. Zacks Investment Research raised On Assignment from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, June 22nd. Deutsche Bank AG started coverage on 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 reaffirmed a “buy” rating and set a $45.00 price objective on shares of On Assignment in a report on Wednesday, September 7th.
On Assignment (NASDAQ:ASGN) opened at 36.00 on Thursday. On Assignment has a 52 week low of $29.34 and a 52 week high of $51.00. The firm has a 50-day moving average price of $37.01 and a 200-day moving average price of $36.95. The stock has a market cap of $1.92 billion and a P/E ratio of 21.94.
On Assignment (NASDAQ:ASGN) last issued its earnings results on Wednesday, July 27th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The firm earned $608.10 million during the quarter, compared to analysts’ expectations of $600.12 million. During the same quarter last year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year.
In other news, CEO Peter T. Dameris sold 23,537 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $36.88, for a total value of $868,044.56. Following the transaction, the chief executive officer now owns 319,422 shares of the company’s stock, valued at approximately $11,780,283.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Michael Mcgowan sold 4,000 shares of the stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total value of $148,680.00. Following the completion of the transaction, the chief operating officer now directly owns 213,106 shares in the company, valued at approximately $7,921,150.02. The disclosure for this sale can be found here.
Several hedge funds and other institutional investors have recently bought and sold shares of ASGN. BNP Paribas Arbitrage SA increased its position in On Assignment by 118.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,226 shares of the company’s stock worth $563,000 after buying an additional 8,253 shares during the period. Capstone Asset Management Co. increased its position in On Assignment by 11.6% in the second quarter. Capstone Asset Management Co. now owns 19,010 shares of the company’s stock worth $702,000 after buying an additional 1,980 shares during the period. Eagle Boston Investment Management Inc. increased its position in On Assignment by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 422,583 shares of the company’s stock worth $15,614,000 after buying an additional 11,191 shares during the period. Nordea Investment Management AB increased its position in On Assignment by 251.4% in the second quarter. Nordea Investment Management AB now owns 16,900 shares of the company’s stock worth $624,000 after buying an additional 12,091 shares during the period. Finally, Copper Rock Capital Partners LLC bought a new position in On Assignment during the second quarter worth $22,004,000.
About On Assignment
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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