State Street Corp increased its stake in On Assignment, Inc. (NASDAQ:ASGN) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,160,496 shares of the company’s stock after buying an additional 80,671 shares during the period. State Street Corp owned about 2.20% of On Assignment worth $56,324,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in On Assignment by 137,720.1% in the first quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock valued at $286,464,000 after buying an additional 5,898,553 shares in the last quarter. Norges Bank bought a new position in On Assignment during the fourth quarter valued at about $19,353,000. Vanguard Group Inc. raised its position in On Assignment by 8.2% in the first quarter. Vanguard Group Inc. now owns 4,386,740 shares of the company’s stock valued at $212,888,000 after buying an additional 334,094 shares in the last quarter. Pathstone Family Office LLC raised its position in On Assignment by 315.6% in the first quarter. Pathstone Family Office LLC now owns 338,127 shares of the company’s stock valued at $16,409,000 after buying an additional 256,772 shares in the last quarter. Finally, Hood River Capital Management LLC raised its position in On Assignment by 37.9% in the first quarter. Hood River Capital Management LLC now owns 711,188 shares of the company’s stock valued at $34,514,000 after buying an additional 195,543 shares in the last quarter.
Shares of On Assignment, Inc. (ASGN) traded down 1.123% during trading on Wednesday, reaching $48.321. The company’s stock had a trading volume of 13,685 shares. The firm’s 50-day moving average is $53.49 and its 200-day moving average is $49.82. The stock has a market capitalization of $2.55 billion and a PE ratio of 23.722. On Assignment, Inc. has a 12-month low of $32.05 and a 12-month high of $55.53.
On Assignment (NASDAQ:ASGN) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The company had revenue of $653.31 million during the quarter, compared to analysts’ expectations of $655.96 million. During the same period last year, the business posted $0.68 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities analysts expect that On Assignment, Inc. will post $2.87 earnings per share for the current year.
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ASGN has been the subject of several recent analyst reports. Zacks Investment Research lowered On Assignment from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Deutsche Bank AG reissued a “buy” rating and issued a $57.00 target price (up previously from $51.00) on shares of On Assignment in a research report on Friday, April 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $55.00 target price (up previously from $52.00) on shares of On Assignment in a research report on Thursday, April 27th. Finally, BMO Capital Markets boosted their target price on On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $56.20.
In other news, insider Theodore S. Hanson sold 5,325 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $52.13, for a total value of $277,592.25. Following the completion of the transaction, the insider now directly owns 289,672 shares in the company, valued at $15,100,601.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeremy M. Jones sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $54.46, for a total value of $1,089,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,775 shares of company stock valued at $10,644,227.
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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