Virginia Retirement Systems ET AL purchased a new position in shares of On Assignment, Inc. (NASDAQ:ASGN) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,600 shares of the company’s stock, valued at approximately $466,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ASGN. Victory Capital Management Inc. increased its position in On Assignment by 40.0% in the second quarter. Victory Capital Management Inc. now owns 3,868 shares of the company’s stock worth $143,000 after buying an additional 1,105 shares in the last quarter. PineBridge Investments L.P. increased its position in On Assignment by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,093 shares of the company’s stock worth $225,000 after buying an additional 244 shares in the last quarter. Parametrica Management Ltd bought a new position in On Assignment during the second quarter worth $255,000. Teacher Retirement System of Texas increased its position in On Assignment by 20.4% in the second quarter. Teacher Retirement System of Texas now owns 7,032 shares of the company’s stock worth $260,000 after buying an additional 1,192 shares in the last quarter. Finally, Albion Financial Group UT increased its position in On Assignment by 0.6% in the second quarter. Albion Financial Group UT now owns 9,094 shares of the company’s stock worth $336,000 after buying an additional 50 shares in the last quarter.
On Assignment, Inc. (NASDAQ:ASGN) opened at 36.96 on Friday. On Assignment, Inc. has a 52 week low of $29.34 and a 52 week high of $51.00. The company has a market capitalization of $1.97 billion and a P/E ratio of 22.52. The stock’s 50 day moving average price is $37.20 and its 200 day moving average price is $36.90.
On Assignment (NASDAQ:ASGN) last released its earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The business earned $608.10 million during the quarter, compared to the consensus estimate of $600.12 million. The business’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Analysts anticipate that On Assignment, Inc. will post $3.11 earnings per share for the current year.
ASGN has been the subject of a number of analyst reports. Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, June 22nd. BMO Capital Markets restated a “buy” rating and issued a $45.00 price target on shares of On Assignment in a research note on Wednesday, September 7th. Finally, Deutsche Bank AG initiated coverage on On Assignment in a research note on Wednesday, August 17th. They issued a “buy” rating and a $44.00 price target for the company.
In other On Assignment news, CEO Peter T. Dameris sold 23,537 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $36.88, for a total transaction of $868,044.56. Following the completion of the transaction, the chief executive officer now directly owns 319,422 shares of the company’s stock, valued at $11,780,283.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael Mcgowan sold 4,000 shares of the stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total value of $148,680.00. Following the transaction, the chief operating officer now directly owns 213,106 shares of the company’s stock, valued at $7,921,150.02. 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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