Teacher Retirement System of Texas Has $260,000 Position in On Assignment, Inc. (ASGN)
Teacher Retirement System of Texas increased its position in shares of On Assignment, Inc. (NASDAQ:ASGN) by 20.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,032 shares of the company’s stock after buying an additional 1,192 shares during the period. Teacher Retirement System of Texas’ holdings in On Assignment were worth $260,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Copper Rock Capital Partners LLC acquired a new stake in On Assignment during the second quarter worth about $22,004,000. PNC Financial Services Group Inc. raised its stake in On Assignment by 47.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,126,058 shares of the company’s stock worth $41,609,000 after buying an additional 360,555 shares during the period. Bank of Montreal Can acquired a new stake in On Assignment during the second quarter worth about $10,372,000. Emerald Acquisition Ltd. acquired a new stake in On Assignment during the second quarter worth about $5,632,000. Finally, Eaton Vance Management acquired a new stake in On Assignment during the second quarter worth about $3,900,000.
Shares of On Assignment, Inc. (NASDAQ:ASGN) opened at 36.00 on Monday. The stock’s 50 day moving average price is $37.01 and its 200 day moving average price is $36.95. The firm has a market cap of $1.92 billion and a price-to-earnings ratio of 21.94. On Assignment, Inc. has a one year low of $29.34 and a one year high of $51.00.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The firm earned $608.10 million during the quarter, compared to analysts’ expectations of $600.12 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. On average, equities analysts anticipate that On Assignment, Inc. will post $3.11 earnings per share for the current fiscal year.
A number of analysts have issued reports on ASGN shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $45.00 target price on shares of On Assignment in a report on Wednesday, September 7th. Zacks Investment Research raised On Assignment from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, June 22nd. Finally, Deutsche Bank AG initiated coverage on On Assignment in a report on Wednesday, August 17th. They set a “buy” rating and a $44.00 price objective on the stock.
In related news, CEO Peter T. Dameris sold 23,537 shares of On Assignment stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $36.88, for a total value of $868,044.56. Following the completion of the transaction, the chief executive officer now owns 319,422 shares in the company, valued at $11,780,283.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Mcgowan sold 4,000 shares of On Assignment stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $37.17, for a total transaction of $148,680.00. Following the completion of the transaction, the chief operating officer now owns 213,106 shares of the company’s stock, valued at approximately $7,921,150.02. The disclosure for this sale can be found here.
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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