The Exec VP, CFO of On Assignment (NYSE: ASGN) is Selling Shares

By Carrie Williams

On November 13, the Exec VP, CFO of On Assignment (NYSE: ASGN), Edward Pierce, sold shares of ASGN for $1.23M.

In addition to Edward Pierce, 6 other ASGN executives reported Sell trades in the last month. This is Pierce’s first transaction since reporting a Buy transaction on FAC back in September 2006

Based on On Assignment’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $667 million and quarterly net profit of $34.86 million. In comparison, last year the company earned revenue of $629 million and had a net profit of $29.77 million. The company has a one-year high of $61.89 and a one-year low of $39.52. ASGN’s market cap is $3.2B and the company has a P/E ratio of 28.60.

One of the top 25 analysts, according to TipRanks.com, recently recommended Buy ASGN with a $62 price target. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $62, reflecting a -0.8% downside.

The insider sentiment on On Assignment has been negative according to 94 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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On Assignment, Inc. engages in the provision of personnel services in technology, life sciences, digital and creative sectors. It operates through the following segment: Apex and Oxford.