Louisiana State Employees Retirement System boosted its stake in On Assignment, Inc. (NASDAQ:ASGN) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,800 shares of the company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in On Assignment were worth $1,072,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ASGN. State of Alaska Department of Revenue raised its stake in shares of On Assignment by 79.2% in the second quarter. State of Alaska Department of Revenue now owns 9,588 shares of the company’s stock worth $519,000 after buying an additional 4,238 shares during the period. State of Tennessee Treasury Department raised its stake in shares of On Assignment by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 46,253 shares of the company’s stock worth $2,245,000 after buying an additional 6,980 shares during the period. Prudential Financial Inc. raised its stake in shares of On Assignment by 0.4% in the first quarter. Prudential Financial Inc. now owns 114,187 shares of the company’s stock worth $5,541,000 after buying an additional 440 shares during the period. BlackRock Inc. raised its stake 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 during the last quarter. Finally, Geneva Advisors LLC raised its stake in On Assignment by 6.5% in the first quarter. Geneva Advisors LLC now owns 29,803 shares of the company’s stock valued at $1,446,000 after buying an additional 1,826 shares during the last quarter.
On Assignment, Inc. (NASDAQ ASGN) opened at 48.66 on Monday. The company has a 50-day moving average of $53.49 and a 200 day moving average of $49.82. On Assignment, Inc. has a one year low of $32.04 and a one year high of $55.53. The firm has a market capitalization of $2.57 billion and a price-to-earnings ratio of 23.89.
On Assignment (NASDAQ:ASGN) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. The company had revenue of $653.31 million for the quarter, compared to analyst estimates of $655.96 million. During the same period in the previous year, the firm posted $0.68 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. On average, analysts anticipate that On Assignment, Inc. will post $2.86 EPS for the current year.
Several equities research analysts recently issued reports on ASGN shares. Zacks Investment Research lowered shares of On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $57.00 target price (up previously from $51.00) on shares of On Assignment in a report on Friday, April 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $55.00 target price (up previously from $52.00) on shares of On Assignment in a report on Thursday, April 27th. Finally, BMO Capital Markets boosted their price objective on shares of On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. On Assignment 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 On Assignment stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $54.02, for a total transaction of $1,093,905.00. Following the sale, the director now directly owns 430,873 shares in the company, valued at approximately $23,275,759.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Theodore S. Hanson sold 5,325 shares of On Assignment stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $52.13, for a total transaction of $277,592.25. Following the sale, the insider now owns 289,672 shares in the company, valued at $15,100,601.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,775 shares of company stock worth $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.
Receive News & Ratings for On Assignment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
