On Assignment, Inc. (ASGN) Position Maintained by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA
Loring Wolcott & Coolidge Fiduciary Advisors LLP MA held its stake in On Assignment, Inc. (NASDAQ:ASGN) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,022 shares of the company’s stock at the end of the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in On Assignment were worth $100,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its stake in On Assignment by 13.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,220 shares of the company’s stock worth $878,000 after buying an additional 1,950 shares in the last quarter. State of Alaska Department of Revenue raised its stake in On Assignment by 79.2% in the second quarter. State of Alaska Department of Revenue now owns 9,588 shares of the company’s stock worth $519,000 after buying an additional 4,238 shares in the last quarter. BlackRock Inc. raised its stake in On Assignment by 137,720.1% in the first quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock worth $286,464,000 after buying an additional 5,898,553 shares in the last quarter. State of Tennessee Treasury Department raised its stake in On Assignment by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 46,253 shares of the company’s stock worth $2,245,000 after buying an additional 6,980 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in On Assignment by 0.4% in the first quarter. Prudential Financial Inc. now owns 114,187 shares of the company’s stock worth $5,541,000 after buying an additional 440 shares in the last quarter.
Shares of On Assignment, Inc. (ASGN) opened at 46.66 on Thursday. The stock has a market capitalization of $2.46 billion and a price-to-earnings ratio of 22.91. The firm has a 50-day moving average of $49.97 and a 200 day moving average of $49.94. On Assignment, Inc. has a one year low of $32.04 and a one year high of $55.53.
On Assignment (NASDAQ:ASGN) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. The firm had revenue of $653.31 million during the quarter, compared to analysts’ expectations of $655.96 million. During the same quarter in the previous year, the business posted $0.68 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that On Assignment, Inc. will post $2.86 EPS for the current year.
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A number of analysts have recently weighed in on ASGN shares. Zacks Investment Research upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, June 13th. BMO Capital Markets increased their target price on shares of On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. On Assignment currently has a consensus rating of “Buy” and a consensus target price of $56.20.
In related news, Director Brian J. Callaghan sold 20,250 shares of On Assignment stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $54.02, for a total value of $1,093,905.00. Following the completion of the transaction, the director now owns 430,873 shares in the company, valued at $23,275,759.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan S. Holman sold 2,000 shares of On Assignment stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $54.29, for a total transaction of $108,580.00. Following the completion of the transaction, the director now owns 22,122 shares of the company’s stock, valued at approximately $1,201,003.38. The disclosure for this sale can be found here. Insiders sold 52,250 shares of company stock valued at $2,834,985 in the last quarter.
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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