Tower Research Capital LLC TRC boosted its stake in shares of On Assignment, Inc. (NASDAQ:ASGN) by 751.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,748 shares of the company’s stock after buying an additional 3,308 shares during the period. Tower Research Capital LLC TRC’s holdings in On Assignment were worth $138,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in ASGN. Virginia Retirement Systems ET AL purchased a new stake in shares of On Assignment during the second quarter valued at $466,000. PineBridge Investments L.P. raised its stake in shares of On Assignment by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,093 shares of the company’s stock valued at $225,000 after buying an additional 244 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of On Assignment by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,816,642 shares of the company’s stock valued at $141,025,000 after buying an additional 121,284 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of On Assignment by 3.0% in the second quarter. Principal Financial Group Inc. now owns 348,505 shares of the company’s stock valued at $12,877,000 after buying an additional 10,263 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of On Assignment by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,957,808 shares of the company’s stock valued at $72,339,000 after buying an additional 42,667 shares in the last quarter.
On Assignment, Inc. (NASDAQ:ASGN) opened at 36.96 on Monday. The stock’s 50 day moving average price is $37.20 and its 200 day moving average price is $36.91. The company has a market capitalization of $1.97 billion and a price-to-earnings ratio of 22.52. On Assignment, Inc. has a 12-month low of $29.34 and a 12-month high of $51.00.
On Assignment (NASDAQ:ASGN) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. The firm had revenue of $608.10 million for the quarter, compared to the consensus estimate of $600.12 million. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue was up 25.3% on a year-over-year basis. On average, equities research analysts anticipate that On Assignment, Inc. will post $3.11 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. BMO Capital Markets reissued a “buy” rating and issued a $45.00 price objective on shares of On Assignment in a report on Wednesday, September 7th. Deutsche Bank AG started coverage on On Assignment in a report on Wednesday, August 17th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Zacks Investment Research lowered On Assignment from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
In related news, COO Michael Mcgowan sold 4,000 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total value of $148,680.00. Following the completion of the sale, the chief operating officer now owns 213,106 shares in the company, valued at $7,921,150.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Peter T. Dameris sold 23,537 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $36.88, for a total transaction of $868,044.56. Following the completion of the sale, the chief executive officer now owns 319,422 shares of the company’s stock, valued at approximately $11,780,283.36. The disclosure for this sale can be found here.
On Assignment Company Profile
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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