Principal Financial Group Inc. increased its stake in On Assignment, Inc. (NASDAQ:ASGN) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 348,505 shares of the company’s stock after buying an additional 10,263 shares during the period. Principal Financial Group Inc. owned approximately 0.65% of On Assignment worth $12,877,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of ASGN. Copper Rock Capital Partners LLC bought a new position in shares of On Assignment during the second quarter valued at approximately $22,004,000. PNC Financial Services Group Inc. raised its position in shares of On Assignment by 47.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,126,058 shares of the company’s stock valued at $41,609,000 after buying an additional 360,555 shares during the period. Bank of Montreal Can bought a new position in shares of On Assignment during the second quarter valued at approximately $10,372,000. Emerald Acquisition Ltd. bought a new position in shares of On Assignment during the second quarter valued at approximately $5,632,000. Finally, Eaton Vance Management bought a new position in shares of On Assignment during the second quarter valued at approximately $3,900,000.
Shares of On Assignment, Inc. (NASDAQ:ASGN) opened at 37.61 on Tuesday. The firm’s 50-day moving average is $37.21 and its 200 day moving average is $36.96. On Assignment, Inc. has a 1-year low of $29.34 and a 1-year high of $51.00. The stock has a market capitalization of $2.01 billion and a P/E ratio of 22.92.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $608.10 million for the quarter, compared to the consensus estimate of $600.12 million. On Assignment’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. On average, analysts expect that On Assignment, Inc. will post $3.11 EPS for the current fiscal year.
Several equities analysts recently commented on ASGN shares. Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Thursday, June 16th. BMO Capital Markets reaffirmed a “buy” rating and set a $45.00 price target on shares of On Assignment in a research report on Wednesday, September 7th. Finally, Deutsche Bank AG started coverage on shares of On Assignment in a research report on Wednesday, August 17th. They set a “buy” rating and a $44.00 price target for the company.
In related news, CEO Peter T. Dameris sold 23,537 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $36.88, for a total transaction of $868,044.56. Following the transaction, the chief executive officer now owns 319,422 shares of the company’s stock, valued at $11,780,283.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Michael Mcgowan sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total transaction of $148,680.00. Following the transaction, the chief operating officer now directly owns 213,106 shares in the company, valued at approximately $7,921,150.02. The disclosure for this sale can be found here.
About On Assignment
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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