North Point Portfolio Managers Corp OH decreased its position in shares of On Assignment, Inc. (NASDAQ:ASGN) by 2.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 270,598 shares of the company’s stock after selling 5,796 shares during the period. On Assignment accounts for about 2.0% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 29th largest position. North Point Portfolio Managers Corp OH’s holdings in On Assignment were worth $9,999,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of ASGN. Parametrica Management Ltd purchased a new position in shares of On Assignment during the second quarter valued at about $255,000. Albion Financial Group UT boosted its position in shares of On Assignment by 0.6% in the second quarter. Albion Financial Group UT now owns 9,094 shares of the company’s stock valued at $336,000 after buying an additional 50 shares in the last quarter. 1st Global Advisors Inc. boosted its position in shares of On Assignment by 24.9% in the second quarter. 1st Global Advisors Inc. now owns 14,465 shares of the company’s stock valued at $534,000 after buying an additional 2,884 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of On Assignment by 118.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,226 shares of the company’s stock valued at $563,000 after buying an additional 8,253 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of On Assignment by 251.4% in the second quarter. Nordea Investment Management AB now owns 16,900 shares of the company’s stock valued at $624,000 after buying an additional 12,091 shares in the last quarter.
On Assignment, Inc. (NASDAQ:ASGN) traded down 2.47% during mid-day trading on Monday, reaching $36.39. 184,498 shares of the company traded hands. The firm has a market capitalization of $1.94 billion and a P/E ratio of 22.18. On Assignment, Inc. has a 12-month low of $29.34 and a 12-month high of $51.00. The company’s 50 day moving average price is $37.07 and its 200 day moving average price is $36.78.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $608.10 million for the quarter, compared to the consensus estimate of $600.12 million. During the same period in the previous year, the business earned $0.61 EPS. On Assignment’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities research analysts predict that On Assignment, Inc. will post $3.11 EPS for the current year.
ASGN has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, June 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $45.00 price target on shares of On Assignment in a report on Wednesday, September 7th. Finally, Deutsche Bank AG began coverage on shares of On Assignment in a report on Wednesday, August 17th. They issued a “buy” rating and a $44.00 price target on the stock.
In related news, COO Michael Mcgowan sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $37.17, for a total transaction of $148,680.00. Following the sale, the chief operating officer now owns 213,106 shares of the company’s stock, valued at $7,921,150.02. The sale was disclosed in a filing with the SEC, which is available 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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