Goldman Sachs Group Inc. Has $62.92 Million Holdings in On Assignment, Inc. (ASGN)
Goldman Sachs Group Inc. raised its holdings in shares of On Assignment, Inc. (NASDAQ:ASGN) by 1.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,161,955 shares of the company’s stock after purchasing an additional 22,047 shares during the period. Goldman Sachs Group Inc. owned 2.20% of On Assignment worth $62,920,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in ASGN. BNP Paribas Arbitrage SA increased its stake in shares of On Assignment by 10.4% during the first quarter. BNP Paribas Arbitrage SA now owns 9,998 shares of the company’s stock valued at $485,000 after purchasing an additional 939 shares in the last quarter. Swiss National Bank increased its stake in shares of On Assignment by 1.0% during the first quarter. Swiss National Bank now owns 83,200 shares of the company’s stock valued at $4,038,000 after purchasing an additional 800 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of On Assignment by 39.8% during the first quarter. UBS Asset Management Americas Inc. now owns 30,294 shares of the company’s stock valued at $1,470,000 after purchasing an additional 8,623 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of On Assignment during the first quarter valued at approximately $548,000. Finally, Oxford Asset Management bought a new position in shares of On Assignment during the first quarter valued at approximately $448,000.
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Shares of On Assignment, Inc. (ASGN) opened at 55.45 on Friday. The stock has a market cap of $2.92 billion and a PE ratio of 30.64. The stock’s 50 day moving average is $49.48 and its 200-day moving average is $50.55. On Assignment, Inc. has a 12-month low of $32.04 and a 12-month high of $55.86.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $655.96 million. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. On Assignment’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. Equities analysts expect that On Assignment, Inc. will post $2.86 EPS for the current year.
ASGN has been the subject of a number of analyst reports. BMO Capital Markets raised their target price on shares of On Assignment from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of On Assignment from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub raised shares of On Assignment from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $53.00 target price on shares of On Assignment in a research note on Sunday, September 3rd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $54.60.
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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