Crossmark Global Holdings Inc. boosted its position in On Assignment, Inc. (NYSE:ASGN) by 32.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,510 shares of the business services provider’s stock after acquiring an additional 3,080 shares during the period. Crossmark Global Holdings Inc.’s holdings in On Assignment were worth $804,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. purchased a new stake in shares of On Assignment during the 4th quarter valued at $31,994,000. Acadian Asset Management LLC purchased a new stake in shares of On Assignment during the 4th quarter valued at $19,230,000. KAMES CAPITAL plc grew its stake in shares of On Assignment by 57.2% during the 4th quarter. KAMES CAPITAL plc now owns 610,094 shares of the business services provider’s stock valued at $39,205,000 after buying an additional 222,039 shares during the period. Bamco Inc. NY grew its stake in shares of On Assignment by 5.5% during the 3rd quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock valued at $102,534,000 after buying an additional 100,000 shares during the period. Finally, Boston Partners grew its stake in shares of On Assignment by 9.8% during the 4th quarter. Boston Partners now owns 923,765 shares of the business services provider’s stock valued at $59,370,000 after buying an additional 82,069 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.
In other On Assignment news, Director Brian J. Callaghan sold 20,250 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $64.00, for a total value of $1,296,000.00. Following the transaction, the director now owns 392,930 shares in the company, valued at approximately $25,147,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jennifer Hankes Painter sold 3,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $63.06, for a total transaction of $220,710.00. Following the completion of the transaction, the senior vice president now owns 10,667 shares in the company, valued at approximately $672,661.02. The disclosure for this sale can be found here. Insiders have sold a total of 23,915 shares of company stock worth $1,528,095 in the last 90 days. Company insiders own 5.40% of the company’s stock.
On Assignment, Inc. (ASGN) opened at $75.45 on Friday. The company has a current ratio of 3.00, a quick ratio of 2.57 and a debt-to-equity ratio of 0.58. The firm has a market cap of $3,924.53, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.03 and a beta of 2.11. On Assignment, Inc. has a 1-year low of $44.66 and a 1-year high of $77.68.
On Assignment (NYSE:ASGN) last posted its earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.68. The business had revenue of $679.04 million for the quarter, compared to analyst estimates of $671.35 million. On Assignment had a net margin of 6.00% and a return on equity of 17.42%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. research analysts forecast that On Assignment, Inc. will post 3.76 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on ASGN. Deutsche Bank boosted their price objective on shares of On Assignment from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday. William Blair reissued an “outperform” rating on shares of On Assignment in a research note on Thursday. ValuEngine raised shares of On Assignment from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Co boosted their price objective on shares of On Assignment from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets boosted their price objective on shares of On Assignment from $73.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $76.43.
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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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