State of Tennessee Treasury Department Decreases Holdings in On Assignment, Inc. (ASGN)
State of Tennessee Treasury Department reduced its stake in On Assignment, Inc. (NASDAQ:ASGN) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,378 shares of the company’s stock after selling 875 shares during the period. State of Tennessee Treasury Department owned 0.09% of On Assignment worth $2,457,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of On Assignment by 137,720.1% in the first quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock valued at $286,464,000 after purchasing an additional 5,898,553 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of On Assignment by 8.2% in the first quarter. Vanguard Group Inc. now owns 4,386,740 shares of the company’s stock valued at $212,888,000 after acquiring an additional 334,094 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of On Assignment by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,229,643 shares of the company’s stock valued at $108,203,000 after acquiring an additional 116,384 shares during the period. State Street Corp boosted its position in shares of On Assignment by 7.5% in the first quarter. State Street Corp now owns 1,160,496 shares of the company’s stock valued at $56,324,000 after acquiring an additional 80,671 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of On Assignment by 18.4% in the first quarter. Macquarie Group Ltd. now owns 850,224 shares of the company’s stock valued at $41,261,000 after acquiring an additional 132,292 shares during the period.
In related news, Director Brian J. Callaghan sold 20,250 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $54.02, for a total value of $1,093,905.00. Following the completion of the sale, the director now owns 430,873 shares in the company, valued at approximately $23,275,759.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
On Assignment, Inc. (NASDAQ:ASGN) opened at 49.36 on Friday. On Assignment, Inc. has a 12-month low of $32.05 and a 12-month high of $55.53. The company has a market cap of $2.61 billion and a PE ratio of 24.23. The stock has a 50 day moving average of $47.62 and a 200-day moving average of $50.01.
On Assignment (NASDAQ:ASGN) last released its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. The company had revenue of $653.31 million during the quarter, compared to the consensus estimate of $655.96 million. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. On Assignment’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. On average, equities research analysts anticipate that On Assignment, Inc. will post $2.86 earnings per share for the current fiscal year.
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ASGN has been the subject of a number of recent research reports. Robert W. Baird reissued a “hold” rating and issued a $53.00 target price on shares of On Assignment in a research report on Sunday, September 3rd. BidaskClub raised shares of On Assignment from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, June 13th. Finally, BMO Capital Markets upped their price objective on shares of On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $55.67.
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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