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On Assignment, Inc. Buyback

OLI recorded this information on 6/13/2016

Company: On Assignment, Inc.
Buyback: ASGN buyback
$Amount Authorized: $150,000,000
Buyback Details: On Assignment, Inc. (NYSE:ASGN) announced today that its Board of Directors approved a new stock repurchase program, under which the Company may repurchase up to $150 million of its common stock over the next two years. Under terms of the program, purchases can be made in the open market or under a Rule 10b5-1 trading plan. This program is effective immediately and supersedes the previous $100 million repurchase authorization ($98 million was remaining under the authorization). The stock repurchase program does not obligate the Company to acquire any particular amount of the Company's stock, and it may be suspended at any time at the Company's discretion.

ASGN provides information technology (IT) and other services in the technology, digital, creative, engineering and life sciences fields to commercial and government sectors. Co.'s segments are: Apex, which provides technology, digital, creative, scientific, engineering staffing and consulting services to Fortune 1000 and mid-market clients in the U.S. and Canada; Oxford, which provides technology, digital, engineering and life sciences staffing and consulting services in select skill and geographic markets in the U.S. and Europe; and ECS, which delivers solutions in cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, science, and engineering.

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Buy (3.20 out of 4)
30th percentile
(ranked lower than approx. 70% of all stocks covered)

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