California Public Employees Retirement System Sells 6,300 Shares of On Assignment, Inc. (ASGN)
California Public Employees Retirement System decreased its position in On Assignment, Inc. (NASDAQ:ASGN) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,000 shares of the company’s stock after selling 6,300 shares during the period. California Public Employees Retirement System owned 0.22% of On Assignment worth $4,318,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Copper Rock Capital Partners LLC bought a new stake in shares of On Assignment during the second quarter worth about $22,004,000. Incline Global Management LLC increased its stake in shares of On Assignment by 74.8% in the second quarter. Incline Global Management LLC now owns 858,249 shares of the company’s stock worth $31,712,000 after buying an additional 367,365 shares in the last quarter. PNC Financial Services Group Inc. increased its stake 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 worth $41,609,000 after buying an additional 360,555 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of On Assignment during the second quarter worth $10,372,000. Finally, Teachers Advisors Inc. increased its stake in shares of On Assignment by 320.9% in the second quarter. Teachers Advisors Inc. now owns 329,881 shares of the company’s stock worth $12,189,000 after buying an additional 251,501 shares in the last quarter.
Shares of On Assignment, Inc. (NASDAQ:ASGN) traded down 0.87% on Monday, hitting $42.27. The stock had a trading volume of 373,397 shares. The firm has a 50-day moving average of $37.44 and a 200 day moving average of $37.22. On Assignment, Inc. has a 1-year low of $29.34 and a 1-year high of $48.34. The company has a market capitalization of $2.24 billion and a PE ratio of 24.53.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by $0.10. The company had revenue of $629.40 million for the quarter, compared to the consensus estimate of $624.53 million. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, equities analysts anticipate that On Assignment, Inc. will post $2.71 earnings per share for the current fiscal year.
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ASGN has been the topic of a number of research analyst reports. Deutsche Bank AG initiated coverage on On Assignment in a report on Wednesday, August 17th. They issued a “buy” rating and a $44.00 target price on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $45.00 target price on shares of On Assignment in a report on Wednesday, September 7th. Finally, Zacks Investment Research downgraded On Assignment from a “hold” rating to a “sell” rating in a report on Monday, October 31st.
In other On Assignment news, CEO Peter T. Dameris sold 23,537 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 319,422 shares of the company’s stock, valued at approximately $11,780,283.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Randolph C. Blazer sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $40.25, for a total transaction of $805,000.00. Following the sale, the insider now directly owns 64,396 shares in the company, valued at approximately $2,591,939. 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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