Eaton Vance Management Purchases New Position in On Assignment, Inc. (ASGN)
Eaton Vance Management purchased a new stake in shares of On Assignment, Inc. (NASDAQ:ASGN) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 105,550 shares of the company’s stock, valued at approximately $3,900,000. Eaton Vance Management owned about 0.20% of On Assignment at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Copper Rock Capital Partners LLC acquired a new stake in On Assignment during the second quarter valued at about $22,004,000. PNC Financial Services Group Inc. raised its stake in On Assignment by 47.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,126,058 shares of the company’s stock valued at $41,609,000 after buying an additional 360,555 shares in the last quarter. Bank of Montreal Can acquired a new stake in On Assignment during the second quarter valued at about $10,372,000. Emerald Acquisition Ltd. acquired a new stake in On Assignment during the second quarter valued at about $5,632,000. Finally, Dana Investment Advisors Inc. acquired a new stake in On Assignment during the second quarter valued at about $1,826,000.
Shares of On Assignment, Inc. (NASDAQ:ASGN) traded down 0.58% during trading on Monday, hitting $36.13. The stock had a trading volume of 72,380 shares. The company’s 50 day moving average price is $37.13 and its 200 day moving average price is $36.69. The company has a market capitalization of $1.93 billion and a price-to-earnings ratio of 22.02. On Assignment, Inc. has a 52 week low of $29.34 and a 52 week high of $51.00.
On Assignment (NASDAQ:ASGN) last issued its earnings results on Wednesday, July 27th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The firm earned $608.10 million during the quarter, compared to the consensus estimate of $600.12 million. During the same period in the previous year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 25.3% on a year-over-year basis. Analysts predict that On Assignment, Inc. will post $3.11 earnings per share for the current year.
Several analysts have issued reports on ASGN shares. Deutsche Bank AG started coverage on On Assignment in a research note on Wednesday, August 17th. They issued a “buy” rating and a $44.00 price objective on the stock. BMO Capital Markets reiterated a “buy” rating and set a $45.00 target price on shares of On Assignment in a research note on Wednesday, September 7th. Finally, Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, June 7th.
In other On Assignment news, COO Michael Mcgowan sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $37.17, for a total transaction of $148,680.00. Following the completion of the sale, the chief operating officer now directly owns 213,106 shares of the company’s stock, valued at approximately $7,921,150.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
On Assignment Company Profile
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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