Turner Investments LLC Takes Position in On Assignment, Inc. (ASGN)
Turner Investments LLC purchased a new stake in shares of On Assignment, Inc. (NASDAQ:ASGN) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 8,500 shares of the company’s stock, valued at approximately $460,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its stake in On Assignment by 2.6% in the second quarter. Blair William & Co. IL now owns 50,409 shares of the company’s stock valued at $2,730,000 after buying an additional 1,285 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in On Assignment by 64.9% in the second quarter. BNP Paribas Arbitrage SA now owns 16,483 shares of the company’s stock valued at $893,000 after buying an additional 6,485 shares during the period. Legal & General Group Plc increased its stake in On Assignment by 9.1% in the second quarter. Legal & General Group Plc now owns 93,404 shares of the company’s stock valued at $5,059,000 after buying an additional 7,774 shares during the period. Alps Advisors Inc. increased its stake in On Assignment by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,166 shares of the company’s stock valued at $550,000 after buying an additional 26 shares during the period. Finally, Pitcairn Co. bought a new stake in On Assignment during the second quarter valued at $211,000.
On Assignment, Inc. (NASDAQ:ASGN) opened at 46.03 on Monday. On Assignment, Inc. has a 1-year low of $32.04 and a 1-year high of $55.53. The firm has a market cap of $2.43 billion and a P/E ratio of 22.60. The firm has a 50 day moving average of $51.04 and a 200 day moving average of $49.94.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The firm had revenue of $653.31 million for the quarter, compared to the consensus estimate of $655.96 million. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. On Assignment’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. On average, equities research analysts expect that On Assignment, Inc. will post $2.86 EPS for the current year.
Several analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of On Assignment from $54.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Zacks Investment Research downgraded shares of On Assignment from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $55.00 target price (up previously from $52.00) on shares of On Assignment in a report on Thursday, April 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $57.00 target price (up previously from $51.00) on shares of On Assignment in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $56.20.
In related news, CEO Peter T. Dameris sold 24,500 shares of On Assignment stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $52.31, for a total value of $1,281,595.00. Following the sale, the chief executive officer now directly owns 216,480 shares in the company, valued at approximately $11,324,068.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonathan S. Holman sold 2,000 shares of On Assignment stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $54.29, for a total transaction of $108,580.00. Following the completion of the sale, the director now owns 22,122 shares in the company, valued at $1,201,003.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,750 shares of company stock worth $4,646,480.
On Assignment Company Profile
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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