Piedmont Investment Advisors LLC bought a new position in shares of On Assignment, Inc. (NASDAQ:ASGN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,506 shares of the company’s stock, valued at approximately $569,000.
A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. boosted its position in On Assignment by 137,720.1% during the 1st quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock worth $286,464,000 after buying an additional 5,898,553 shares during the period. Vanguard Group Inc. boosted its position in On Assignment by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,430,849 shares of the company’s stock worth $239,930,000 after buying an additional 44,109 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of On Assignment by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,240,588 shares of the company’s stock worth $121,328,000 after purchasing an additional 10,945 shares during the period. State Street Corp lifted its position in shares of On Assignment by 5.8% in the 2nd quarter. State Street Corp now owns 1,227,335 shares of the company’s stock worth $66,468,000 after purchasing an additional 66,839 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of On Assignment by 1.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,161,955 shares of the company’s stock worth $62,920,000 after purchasing an additional 22,047 shares during the period.
A number of research analysts have recently issued reports on the stock. Deutsche Bank AG boosted their price target on shares of On Assignment from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird reiterated a “hold” rating and set a $59.00 target price on shares of On Assignment in a research report on Friday. BMO Capital Markets boosted their target price on shares of On Assignment from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating on shares of On Assignment in a research report on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Friday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. On Assignment currently has an average rating of “Buy” and a consensus price target of $59.50.
In other On Assignment news, insider Jeffrey E. Veatch sold 1,520 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $56.01, for a total transaction of $85,135.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey E. Veatch sold 129,066 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $58.61, for a total value of $7,564,558.26. Following the sale, the insider now owns 364,202 shares of the company’s stock, valued at $21,345,879.22. The disclosure for this sale can be found here. Insiders sold a total of 256,282 shares of company stock valued at $14,741,882 over the last quarter.
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On Assignment, Inc. (NASDAQ:ASGN) traded up 1.22% during mid-day trading on Friday, hitting $60.34. 485,191 shares of the stock traded hands. The firm’s 50-day moving average is $53.05 and its 200 day moving average is $51.49. The firm has a market cap of $3.19 billion and a P/E ratio of 29.62. On Assignment, Inc. has a 52-week low of $32.05 and a 52-week high of $60.44.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.08. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The firm had revenue of $667.05 million during the quarter, compared to analyst estimates of $660.90 million. During the same quarter in the previous year, the firm earned $0.74 EPS. On Assignment’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that On Assignment, Inc. will post $2.96 EPS for the current fiscal year.
On Assignment Company Profile
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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