Winslow Evans & Crocker Inc. cut its stake in On Assignment, Inc. (NASDAQ:ASGN) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,590 shares of the company’s stock after selling 200 shares during the period. Winslow Evans & Crocker Inc.’s holdings in On Assignment were worth $194,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Affinity Investment Advisors LLC acquired a new stake in shares of On Assignment during the first quarter worth $260,000. UBS Asset Management Americas Inc. boosted its stake 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 worth $1,470,000 after buying an additional 8,623 shares during the period. Swiss National Bank boosted its stake 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 worth $4,038,000 after buying an additional 800 shares during the period. BNP Paribas Arbitrage SA boosted its stake 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 worth $485,000 after buying an additional 939 shares during the period. Finally, Tygh Capital Management Inc. boosted its stake 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 worth $4,645,000 after buying an additional 3,146 shares during the period.
On Assignment, Inc. (ASGN) traded down 0.32% during midday trading on Friday, reaching $46.68. 325,242 shares of the company’s stock were exchanged. The stock has a market cap of $2.46 billion and a P/E ratio of 22.92. On Assignment, Inc. has a 1-year low of $32.05 and a 1-year high of $55.53. The firm’s 50-day moving average is $52.05 and its 200 day moving average is $49.89.
On Assignment (NASDAQ:ASGN) last posted its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share 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 for the quarter, compared to the consensus estimate of $655.96 million. During the same quarter in the prior year, the company earned $0.68 earnings per share. On Assignment’s revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that On Assignment, Inc. will post $2.86 earnings per share for the current fiscal year.
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A number of equities analysts have commented 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 set a $57.00 price objective (up previously from $51.00) on shares of On Assignment in a research note on Friday, April 28th. Royal Bank Of Canada restated 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 upped their target price on shares of On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $56.20.
In related news, Director Edwin A. Sheridan sold 65,328 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $52.13, for a total transaction of $3,405,548.64. Following the completion of the sale, the director now owns 1,230,203 shares in the company, valued at $64,130,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Theodore S. Hanson sold 15,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $52.21, for a total value of $783,150.00. Following the sale, the insider now owns 269,964 shares of the company’s stock, valued at approximately $14,094,820.44. The disclosure for this sale can be found here. Insiders sold 167,078 shares of company stock worth $8,835,179 in the last ninety days.
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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