Bbva Compass Bancshares Inc. trimmed its holdings in On Assignment, Inc. (NASDAQ:ASGN) by 7.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 21,080 shares of the company’s stock after selling 1,775 shares during the period. Bbva Compass Bancshares Inc.’s holdings in On Assignment were worth $1,131,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. First Quadrant L P CA purchased a new position in shares of On Assignment during the second quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of On Assignment by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,242 shares of the company’s stock worth $121,000 after buying an additional 202 shares during the period. Pitcairn Co. purchased a new position in shares of On Assignment during the second quarter worth $211,000. CIBC Asset Management Inc purchased a new position in shares of On Assignment during the second quarter worth $216,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of On Assignment during the second quarter worth $218,000.
In other On Assignment news, CEO Peter T. Dameris sold 24,911 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $59.13, for a total transaction of $1,472,987.43. Following the sale, the chief executive officer now directly owns 100,086 shares of the company’s stock, valued at $5,918,085.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey E. Veatch sold 1,520 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $56.01, for a total transaction of $85,135.20. The disclosure for this sale can be found here. Insiders have sold 304,443 shares of company stock worth $17,589,320 over the last ninety days.
On Assignment, Inc. (NASDAQ:ASGN) traded up $0.57 during trading hours on Friday, reaching $60.77. The company had a trading volume of 132,191 shares.
On Assignment (NASDAQ:ASGN) last announced its earnings results on Wednesday, October 25th. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. The business had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis.
Several research firms have recently commented on ASGN. Zacks Investment Research lowered On Assignment from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird restated a “hold” rating and set a $59.00 price target on shares of On Assignment in a research report on Friday, October 27th. Royal Bank Of Canada restated a “buy” rating on shares of On Assignment in a research report on Friday, October 20th. BMO Capital Markets raised their price target on On Assignment from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Finally, Deutsche Bank AG raised their price target on On Assignment from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. On Assignment presently has an average rating of “Buy” and a consensus target price of $59.50.
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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