UBS Asset Management Americas Inc. Reduces Position in On Assignment, Inc. (ASGN)
UBS Asset Management Americas Inc. reduced its holdings in On Assignment, Inc. (NASDAQ:ASGN) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,664 shares of the company’s stock after selling 1,630 shares during the quarter. UBS Asset Management Americas Inc. owned 0.05% of On Assignment worth $1,552,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ASGN. BlackRock Inc. raised its holdings 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 worth $286,464,000 after purchasing an additional 5,898,553 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of On Assignment by 124.0% in the 2nd quarter. Principal Financial Group Inc. now owns 849,237 shares of the company’s stock worth $45,986,000 after purchasing an additional 470,054 shares in the last quarter. Oak Ridge Investments LLC bought a new stake in shares of On Assignment in the 2nd quarter worth approximately $23,633,000. Vanguard Group Inc. raised its holdings in shares of On Assignment by 8.2% in the 1st quarter. Vanguard Group Inc. now owns 4,386,740 shares of the company’s stock worth $212,888,000 after purchasing an additional 334,094 shares in the last quarter. Finally, Columbus Circle Investors raised its holdings in shares of On Assignment by 94.8% in the 2nd quarter. Columbus Circle Investors now owns 550,322 shares of the company’s stock worth $29,800,000 after purchasing an additional 267,769 shares in the last quarter.
Shares of On Assignment, Inc. (NASDAQ:ASGN) opened at 56.41 on Thursday. The company has a 50 day moving average of $51.95 and a 200-day moving average of $51.13. The company has a market capitalization of $2.97 billion and a P/E ratio of 31.17. On Assignment, Inc. has a 12-month low of $32.04 and a 12-month high of $56.45.
On Assignment (NASDAQ:ASGN) last released its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) 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 company had revenue of $653.31 million for the quarter, compared to the consensus estimate of $655.96 million. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that On Assignment, Inc. will post $2.86 EPS for the current fiscal year.
In related news, insider Jeffrey E. Veatch sold 1,520 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $56.01, for a total value of $85,135.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts recently commented on the stock. Robert W. Baird reiterated a “hold” rating and issued a $53.00 target price on shares of On Assignment in a report on Friday, October 6th. Zacks Investment Research upgraded shares of On Assignment from a “sell” rating to a “hold” rating in a report on Friday, September 15th. BidaskClub upgraded shares of On Assignment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $55.00 target price on shares of On Assignment in a report on Friday, October 13th. Finally, BMO Capital Markets boosted 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. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $54.80.
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.
Receive News & Stock Ratings for On Assignment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment Inc. and related stocks with our FREE daily email newsletter.