On Assignment, Inc. (ASGN) Holdings Increased by Fox Run Management L.L.C.
Fox Run Management L.L.C. raised its position in shares of On Assignment, Inc. (NASDAQ:ASGN) by 104.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,600 shares of the company’s stock after purchasing an additional 4,400 shares during the quarter. Fox Run Management L.L.C.’s holdings in On Assignment were worth $462,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in ASGN. FNY Partners Fund LP raised its stake in On Assignment by 266.2% during the 1st quarter. FNY Partners Fund LP now owns 2,197 shares of the company’s stock valued at $106,000 after purchasing an additional 1,597 shares during the period. First Quadrant L P CA acquired a new stake in On Assignment during the 2nd quarter valued at $112,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in On Assignment by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,242 shares of the company’s stock valued at $121,000 after purchasing an additional 202 shares during the period. Pitcairn Co. acquired a new stake in On Assignment during the 2nd quarter valued at $211,000. Finally, CIBC Asset Management Inc acquired a new stake in On Assignment during the 2nd quarter valued at $216,000.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Friday. Robert W. Baird reissued a “hold” rating and set a $59.00 target price on shares of On Assignment in a research note on Friday. BMO Capital Markets boosted their target price on shares of On Assignment from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Deutsche Bank AG boosted their target price on shares of On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Royal Bank Of Canada boosted their target price on shares of On Assignment from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. On Assignment currently has a consensus rating of “Buy” and a consensus price target of $59.50.
Shares of On Assignment, Inc. (NASDAQ:ASGN) opened at 59.05 on Tuesday. On Assignment, Inc. has a 52 week low of $33.93 and a 52 week high of $60.44. The firm has a market capitalization of $3.12 billion and a P/E ratio of 28.99. The firm’s 50-day moving average is $53.99 and its 200 day moving average is $51.81.
On Assignment (NASDAQ:ASGN) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The company had revenue of $667.05 million for the quarter, compared to analysts’ expectations of $660.90 million. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. Equities research analysts forecast that On Assignment, Inc. will post $2.96 EPS for the current fiscal year.
In other news, insider Jeffrey E. Veatch sold 129,066 shares of On Assignment stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $58.61, for a total transaction of $7,564,558.26. Following the transaction, the insider now directly owns 364,202 shares of the company’s stock, valued at $21,345,879.22. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey E. Veatch sold 1,520 shares of On Assignment stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $56.01, for a total transaction of $85,135.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 276,532 shares of company stock worth $15,937,442.
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.
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