State Street Corp raised its stake in shares of On Assignment, Inc. (NASDAQ:ASGN) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,160,496 shares of the company’s stock after buying an additional 80,671 shares during the period. State Street Corp owned 2.20% of On Assignment worth $56,324,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Affinity Investment Advisors LLC acquired a new position in shares of On Assignment during the first quarter valued at about $260,000. UBS Asset Management Americas Inc. raised its position in shares of On Assignment by 39.8% in the first quarter. UBS Asset Management Americas Inc. now owns 30,294 shares of the company’s stock valued at $1,470,000 after buying an additional 8,623 shares during the last quarter. Swiss National Bank raised its position in shares of On Assignment by 1.0% in the first quarter. Swiss National Bank now owns 83,200 shares of the company’s stock valued at $4,038,000 after buying an additional 800 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of On Assignment by 10.4% in the first quarter. BNP Paribas Arbitrage SA now owns 9,998 shares of the company’s stock valued at $485,000 after buying an additional 939 shares during the last quarter. Finally, Tygh Capital Management Inc. raised its position in shares of On Assignment by 3.4% in the first quarter. Tygh Capital Management Inc. now owns 95,720 shares of the company’s stock valued at $4,645,000 after buying an additional 3,146 shares during the last quarter.
On Assignment, Inc. (ASGN) opened at 54.60 on Friday. The company has a market cap of $2.88 billion and a price-to-earnings ratio of 28.59. On Assignment, Inc. has a 52 week low of $32.04 and a 52 week high of $55.53. The stock has a 50 day moving average price of $54.09 and a 200 day moving average price of $49.38.
On Assignment (NASDAQ:ASGN) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm had revenue of $626.53 million for the quarter, compared to analysts’ expectations of $619.83 million. On Assignment had a net margin of 3.57% and a return on equity of 10.23%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, equities analysts forecast that On Assignment, Inc. will post $2.89 earnings per share for the current year.
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Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on On Assignment from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, June 13th. Deutsche Bank AG reiterated a “buy” rating and issued a $57.00 price target (up previously from $51.00) on shares of On Assignment in a research note on Friday, April 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of On Assignment in a research note on Thursday, April 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.20.
In related news, Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $54.02, for a total value of $1,093,905.00. Following the transaction, the director now owns 430,873 shares of the company’s stock, valued at $23,275,759.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan S. Holman sold 2,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $54.29, for a total value of $108,580.00. Following the completion of the transaction, the director now directly owns 22,122 shares in the company, valued at approximately $1,201,003.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 620,344 shares of company stock worth $31,939,562.
About On Assignment
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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