Sit Investment Associates Inc. Has $2,217,000 Position in On Assignment, Inc. (ASGN)
Sit Investment Associates Inc. lowered its stake in shares of On Assignment, Inc. (NASDAQ:ASGN) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 60,000 shares of the company’s stock after selling 3,400 shares during the period. Sit Investment Associates Inc.’s holdings in On Assignment were worth $2,217,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. 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 worth $563,000 after buying an additional 8,253 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of On Assignment by 11.6% in the second quarter. Capstone Asset Management Co. now owns 19,010 shares of the company’s stock worth $702,000 after buying an additional 1,980 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in shares of On Assignment by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 422,583 shares of the company’s stock worth $15,614,000 after buying an additional 11,191 shares during the last quarter. 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 worth $624,000 after buying an additional 12,091 shares during the last quarter. Finally, Copper Rock Capital Partners LLC acquired a new position in shares of On Assignment during the second quarter worth approximately $22,004,000.
Shares of On Assignment, Inc. (NASDAQ:ASGN) traded up 1.79% during midday trading on Monday, reaching $37.62. 403,101 shares of the company’s stock were exchanged. On Assignment, Inc. has a 12-month low of $29.34 and a 12-month high of $51.00. The stock’s 50 day moving average is $37.20 and its 200-day moving average is $36.91. The stock has a market cap of $2.01 billion and a PE ratio of 22.93.
On Assignment (NASDAQ:ASGN) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. The business had revenue of $608.10 million for the quarter, compared to analysts’ expectations of $600.12 million. On Assignment’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. On average, equities analysts expect that On Assignment, Inc. will post $3.11 EPS for the current year.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of On Assignment from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Deutsche Bank AG assumed 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. Finally, BMO Capital Markets reissued a “buy” rating and issued a $45.00 price target on shares of On Assignment in a report on Wednesday, September 7th.
In other news, COO Michael Mcgowan sold 4,000 shares of the stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $37.17, for a total value 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 legal filing with the SEC, which is available at this hyperlink. Also, CEO Peter T. Dameris sold 23,537 shares of the stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $36.88, for a total transaction of $868,044.56. Following the completion of the sale, the chief executive officer now directly owns 319,422 shares in the company, valued at approximately $11,780,283.36. The disclosure for this sale can be found here.
About On Assignment
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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