US Bancorp DE Raises Stake in On Assignment, Inc. (ASGN)
US Bancorp DE boosted its stake in On Assignment, Inc. (NASDAQ:ASGN) by 270.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,395 shares of the company’s stock after buying an additional 11,236 shares during the period. US Bancorp DE’s holdings in On Assignment were worth $833,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the company. FNY Partners Fund LP boosted its position in On Assignment by 266.2% in the first quarter. FNY Partners Fund LP now owns 2,197 shares of the company’s stock worth $106,000 after buying an additional 1,597 shares during the period. First Quadrant L P CA bought a new position in On Assignment during the second quarter worth $112,000. Tyers Asset Management LLC boosted its position in On Assignment by 13.0% in the first quarter. Tyers Asset Management LLC now owns 2,436 shares of the company’s stock worth $118,000 after buying an additional 280 shares during the period. Flinton Capital Management LLC boosted its position in On Assignment by 13.0% in the first quarter. Flinton Capital Management LLC now owns 2,958 shares of the company’s stock worth $144,000 after buying an additional 340 shares during the period. Finally, Quantbot Technologies LP bought a new position in On Assignment during the first quarter worth $154,000.
Shares of On Assignment, Inc. (ASGN) traded down 0.32% during midday trading on Friday, hitting $46.68. The stock had a trading volume of 325,242 shares. The company’s 50-day moving average price is $52.05 and its 200-day moving average price is $49.89. On Assignment, Inc. has a 12-month low of $32.05 and a 12-month high of $55.53. The firm has a market cap of $2.46 billion and a price-to-earnings ratio of 22.92.
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 the Zacks’ consensus estimate of $0.72 by $0.06. The company had revenue of $653.31 million during the quarter, compared to analyst estimates of $655.96 million. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. Equities research analysts forecast that On Assignment, Inc. will post $2.86 EPS for the current year.
TRADEMARK VIOLATION WARNING: “US Bancorp DE Raises Stake in On Assignment, Inc. (ASGN)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/us-bancorp-de-raises-stake-in-on-assignment-inc-asgn/1479729.html.
A number of research firms have recently weighed in on ASGN. BMO Capital Markets boosted their price target on On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Zacks Investment Research raised On Assignment from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, June 13th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $57.00 price objective (up previously from $51.00) on shares of On Assignment in a research report on Friday, April 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $55.00 price objective (up previously from $52.00) on shares of On Assignment in a research report on Thursday, April 27th. 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 has an average rating of “Buy” and an average price target of $56.20.
In other news, Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction 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 $23,275,759.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Theodore S. Hanson sold 15,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $52.21, for a total value of $783,150.00. Following the completion of the sale, the insider now owns 269,964 shares of the company’s stock, valued at approximately $14,094,820.44. The disclosure for this sale can be found here. Insiders sold 167,078 shares of company stock valued at $8,835,179 in the last 90 days.
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.
Want to see what other hedge funds are holding ASGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for On Assignment, Inc. (NASDAQ:ASGN).
Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.