Falcon Point Capital LLC trimmed its stake in On Assignment, Inc. (NYSE:ASGN) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,816 shares of the business services provider’s stock after selling 25,100 shares during the quarter. Falcon Point Capital LLC owned about 0.26% of On Assignment worth $8,857,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in ASGN. Public Employees Retirement Association of Colorado acquired a new stake in On Assignment in the fourth quarter valued at $192,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in On Assignment by 38.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 857 shares during the last quarter. Everence Capital Management Inc. bought a new stake in On Assignment during the fourth quarter valued at $217,000. M&T Bank Corp bought a new stake in On Assignment during the fourth quarter valued at $218,000. Finally, LS Investment Advisors LLC increased its stake in On Assignment by 107.6% during the fourth quarter. LS Investment Advisors LLC now owns 3,671 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 1,903 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
Several research firms have recently commented on ASGN. William Blair restated an “outperform” rating on shares of On Assignment in a research report on Thursday, February 15th. Deutsche Bank increased their target price on shares of On Assignment from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Robert W. Baird reiterated a “hold” rating and issued a $59.00 target price on shares of On Assignment in a research report on Friday, October 27th. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks upped their price objective on shares of On Assignment to $88.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $76.43.
In related news, Director Brian J. Callaghan sold 20,250 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $64.00, for a total value of $1,296,000.00. Following the completion of the transaction, the director now directly owns 392,930 shares of the company’s stock, valued at $25,147,520. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.40% of the stock is owned by company insiders.
Shares of On Assignment, Inc. (NYSE ASGN) traded up $0.71 during mid-day trading on Tuesday, reaching $76.16. The company’s stock had a trading volume of 91,859 shares, compared to its average volume of 297,505. On Assignment, Inc. has a one year low of $44.66 and a one year high of $77.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.57 and a current ratio of 3.00. The firm has a market capitalization of $3,924.52, a P/E ratio of 25.29, a PEG ratio of 2.00 and a beta of 2.11.
On Assignment (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.68. The company had revenue of $679.04 million during the quarter, compared to analysts’ expectations of $671.35 million. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. On Assignment’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 earnings per share. sell-side analysts expect that On Assignment, Inc. will post 3.76 earnings per share for the current fiscal year.
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On Assignment Profile
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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