On Assignment Inc
On Assignment Inc (ASGN) is a US-based staffing and professional services firm focused on placing specialised talent in technology, life sciences and healthcare sectors. It generates revenue by supplying contract consultants, managed solutions and consulting services to corporate clients, often during digital transformation or project-based needs. With a market capitalisation of about $2.10 billion, ASGN is mid-sized within the staffing industry and grows through recruiting, client relationships and periodic acquisitions. Investors should note the business is cyclical — demand for contract labour tends to follow broader economic and hiring trends — and margins can be sensitive to utilisation rates and wage inflation. The company’s past strategy has blended organic growth with bolt-on acquisitions, which can help scale offerings but also adds integration risk. This summary is for educational purposes only and not personalised advice; values can rise or fall and past performance does not guarantee future returns. Check current filings and market data before making investment decisions.
Stock Performance Snapshot
Analyst Rating
Analysts suggest holding On Assignment Inc's stock with a target price of $56.71, indicating potential growth.
Financial Health
On Assignment Inc is performing well with strong revenue and cash flow, indicating solid financial health.
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Published: June 17, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Revenue drivers
Contract billing, permanent placements and consulting projects underpin growth, though utilisation swings and wage pressure can affect margins.
Sector exposure
Strong links to technology, life sciences and healthcare mean ASGN benefits from specialised demand, but it also inherits sector cyclicality.
Acquisition strategy
Bolt-on acquisitions have expanded capabilities and client reach; integration raises execution risk and may weigh on short-term results.
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