On Assignment, Inc. (ASGN) Shares Sold by Comerica Bank
Comerica Bank decreased its stake in On Assignment, Inc. (NASDAQ:ASGN) by 7.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 78,514 shares of the company’s stock after selling 6,605 shares during the period. Comerica Bank owned approximately 0.15% of On Assignment worth $4,153,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan boosted its position in On Assignment by 13.7% in the second 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 boosted its position in On Assignment by 79.2% in the second 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. boosted its position in 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 buying an additional 5,898,553 shares in the last quarter. State of Tennessee Treasury Department boosted its position in On Assignment by 17.8% in the first 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. boosted its position in On Assignment by 0.4% in the first 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.
On Assignment, Inc. (ASGN) opened at 45.12 on Tuesday. On Assignment, Inc. has a 12-month low of $32.04 and a 12-month high of $55.53. The company has a market cap of $2.38 billion and a PE ratio of 22.15. The company has a 50-day moving average price of $49.97 and a 200 day moving average price of $49.94.
On Assignment (NASDAQ:ASGN) last posted its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company had revenue of $653.31 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. On average, analysts forecast that On Assignment, Inc. will post $2.86 EPS for the current fiscal year.
Several equities analysts recently issued reports on ASGN shares. Zacks Investment Research upgraded 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. BMO Capital Markets raised their price target on On Assignment from $54.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $56.20.
In other On Assignment news, Director Jeremy M. Jones sold 20,000 shares of On Assignment stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $54.46, for a total transaction of $1,089,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through 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 shares were sold at an average price of $54.02, for a total value of $1,093,905.00. Following the sale, 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 sold 76,750 shares of company stock worth $4,116,580 over the last three months.
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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