Kennedy Capital Management Inc. Has $10.47 Million Stake in On Assignment, Inc. (ASGN)
Kennedy Capital Management Inc. cut its position in On Assignment, Inc. (NASDAQ:ASGN) by 35.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,285 shares of the company’s stock after selling 106,619 shares during the quarter. Kennedy Capital Management Inc. owned 0.37% of On Assignment worth $10,466,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its position in shares of On Assignment by 13.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,220 shares of the company’s stock valued at $878,000 after buying an additional 1,950 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of On Assignment by 79.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,588 shares of the company’s stock valued at $519,000 after buying an additional 4,238 shares in the last quarter. BlackRock Inc. raised its position in shares of On Assignment by 137,720.1% in the 1st quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock valued at $286,464,000 after buying an additional 5,898,553 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of On Assignment by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 46,253 shares of the company’s stock valued at $2,245,000 after buying an additional 6,980 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of On Assignment by 0.4% in the 1st quarter. Prudential Financial Inc. now owns 114,187 shares of the company’s stock valued at $5,541,000 after buying an additional 440 shares in the last quarter.
In other On Assignment news, insider Randolph C. Blazer sold 10,000 shares of On Assignment stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $54.33, for a total transaction of $543,300.00. Following the transaction, the insider now directly owns 60,647 shares of the company’s stock, valued at $3,294,951.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian J. Callaghan sold 20,250 shares of On Assignment stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $54.02, for a total transaction of $1,093,905.00. Following the transaction, the director now directly owns 430,873 shares in the company, valued at $23,275,759.46. The disclosure for this sale can be found here. Insiders have sold 52,250 shares of company stock worth $2,834,985 over the last three months.
Several brokerages have recently commented on ASGN. BMO Capital Markets boosted their target price on shares of On Assignment from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Tuesday, June 13th. Robert W. Baird reaffirmed a “hold” rating and set a $53.00 price target on shares of On Assignment in a report on Sunday, September 3rd. Finally, BidaskClub raised shares of On Assignment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. On Assignment presently has an average rating of “Hold” and a consensus target price of $55.67.
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Shares of On Assignment, Inc. (NASDAQ:ASGN) opened at 48.43 on Friday. On Assignment, Inc. has a one year low of $32.04 and a one year high of $55.53. The company has a market capitalization of $2.56 billion and a price-to-earnings ratio of 23.78. The company’s 50 day moving average is $48.05 and its 200 day moving average is $49.97.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, topping the 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%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. Equities research analysts predict that On Assignment, Inc. will post $2.86 earnings per share for the current year.
About On Assignment
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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